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 Chris Edwards, Director of Tax Policy Studies, Cato Institute; Daniel J. Mitchell, Senior Fellow, Cato Institute; Michael D. Tanner, Senior Fellow, Cato Institute; and Christopher A. Preble, Director of Foreign Policy Studies, Cato Institute. Moderated by Brandon Arnold, Director of Government Affairs, Cato Institute.
The president’s fiscal commission has unveiled serious proposals to cut programs, restrain the growth of spending, and reduce the federal government’s huge budget deficit. The commission’s report provides numerous fiscal policy ideas for the large class of new Republican members who are eager to fix the federal fiscal mess while the prospects for budget restraint look promising. How should the GOP propose cutting discretionary spending and reforming entitlement programs? Should they consider increasing taxes? Which of the commission’s proposals should the president embrace? How can the GOP address the bloated military budget? Please join our panelists as they answer these questions and discuss other fiscal challenges facing our country.