In Bootleggers & Baptists: How Economic Forces and Moral Persuasion Interact to Shape Regulatory Politics, economists Bruce Yandle and Adam Smith explain how money and morality are often combined in politics to produce arbitrary regulations benefiting cronies, while constraining productive economic activities by the general public.
Featuring: Ted Galen Carpenter, Vice President for Foreign Policy and Defense Studies, Cato Institute, Author of “Iran’s Nuclear Program: America’s Policy Options”; and Justin Logan, Foreign policy analyst, Cato Institute, Author of “The Bottom Line on Iran: The Costs and Benefits of Preventive War versus Deterrence.”
As Iran continues to develop its nuclear program, America is confronted with a difficult set of policy options. Ted Galen Carpenter will outline those options, which include urging the UN Security Council to impose stronger sanctions, attempting to undermine the clerical regime, and seeking a diplomatic “grand bargain.” Which policy holds the best prospect of advancing American interests? Then, Justin Logan will assess the options available in the event that any proactive policy should fail: either preventive war or deterrence. Which of those undesirable policies would yield the “least bad” result for the United States?