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 Asa Hutchinson, Former Administrator, Drug Enforcement Administration; and Robert A. Mikos, Professor of Law and Government, Vanderbilt University Law School; moderated by Timothy Lynch, Director, Project on Criminal Justice, Cato Institute.
Voters in Colorado and Washington recently approved initiatives to legalize marijuana under state law. However, the federal law that strictly bans marijuana possession remains in place. Asa Hutchinson, the former head of the Drug Enforcement Administration, says “The stage is set for a confrontation of massive proportions.” If a confrontation is inevitable, how will the courts resolve this conflict? Join us for a wide-ranging discussion of federal supremacy, state prerogatives under the Tenth Amendment, and drug policy reform.