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 Doug Bandow, Senior Fellow,
Cato Institute; Fred L. Smith Jr., President, Competitive Enterprise Institute; and Frank J. Gaffney Jr., President and CEO, The Center for Security Policy.
The Law of the Sea Treaty–pushed by the Carter administration, quietly drowned in the Reagan years, revived by Clinton but unpersuasive to the Republican Congress–is suddenly back again. With little public notice, it passed the Senate Foreign Relations Committee unanimously with the support of the Bush administration, and is quite likely to pass if it reaches the Senate floor. Our experts counsel sinking the treaty once and for all. Join us for a sobering discussion about concerns raised by the treaty, including issues of U.S. sovereignty, the regulatory burden on oceanic wealth creation, and military and foreign relations implications for the United States.