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, Timothy P. Carney, Lobbying Editor, Washington Examiner; with comments by Uwe Reinhardt, James Madison Professor of Political Economy, Woodrow Wilson School of Public and International Affairs, Princeton University; and Ross Douthat, New York Times columnist. Moderated by Michael F. Cannon, Director of Health Policy Studies, Cato Institute.
Are Big Business and Big Government enemies? According to journalist and author Tim Carney, that story is a myth. Both Republicans and Democrats bilk taxpayers to benefit their corporate allies and K Street lobbyists, whether the issue is health care reform, climate change, or defense spending. The Obama administration’s bailouts and “stimulus” package(s) have taken the taxpayer-bilking to historic levels–a remarkable achievement, considering the previous administration. And at the same time the president promises his health care overhaul will put patients first, the legislation he supports has corporate lobbyists once again lined up at the trough.