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 Defense and Foreign Policy Studies, Cato Institute.
As the North Atlantic Treaty Organization celebrates its 60th birthday, there are mounting signs of trouble within the alliance and reasons to doubt the organization’s relevance to the foreign policy challenges of the 21st century. Today’s NATO is a bad bargain for the United States. We have security obligations to countries that add little to our own military power. Even worse, some of those countries could easily entangle America in dangerous parochial disputes. Please join Cato scholar Ted Galen Carpenter as he discusses NATO’s burgeoning defects and their implications for the United States.