Featuring John Allison, President and CEO, Cato Institute; James A. Dorn,Vice President for Monetary Studies and Senior Fellow, Cato Institute; and Mark Calabria, Director of Financial Regulation Studies, Cato Institute; moderated by John Maniscalco, Director of Congressional Affairs, Cato Institute.
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 the author William F. Connelly, Jr., John K. Boardman Politics Professor, Washington and Lee University; with comments by W. Lee Rawls, National War College; moderated by John Samples, Director, Center for Representative Government, Cato Institute.
Critics argue that Congress has become the “broken branch,” marked by extreme partisanship and few achievements. They prescribe nostrums ranging from campaign finance regulation to redistricting reform to foster compromise rather than conflict on Capitol Hill. Yet the American founders, especially James Madison, believed “ambition must be made to counteract ambition” as a way to limit the power of government. The Constitution itself favors broad consent to laws over an efficient implementation of the will of a majority. William Connelly believes many of the “flaws” in Congress identified by critics arise from the Constitution. Please join us for a lively discussion of how and why the Constitution created a Congress marked by conflict, polarization, and partisanship and why that might be a good thing.