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 Randal O’Toole, Senior Fellow, Cato Institute, Douglas Crandall, Policy Director, Society of American Foresters, and James Hubbard, State & Private Forestry, Forest Service.
Forest Service fire costs are exploding out of control, having quintupled since the early 1990s to $2 billion a year today. There is no sign that all of this spending is significantly improving forest health or protecting homes on adjacent private lands, and an increasing amount of research indicates that much of it is not even necessary. This Policy Forum will consider a range of alternative proposals for reducing fire costs and improving forest management.