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; Michael Tanner, Senior Fellow, Cato Institute; and Tad DeHaven, Budget Analyst, Cato Institute; moderated by Laura Odato, Manager of Government Affairs, Cato Institute.
The Obama administration is scheduled to release its FY2013 federal budget this month. The budget is likely to include high levels of spending, huge deficits, and various tax increases. Which federal agencies would win and lose under the plan, and how would the tax and spending changes affect the economy? Will Democrats in Congress embrace the administration’s proposals, and do House Republicans have a better plan? How will the scheduled “sequester” cuts affect the budget picture? Join us for a discussion with Cato fiscal experts, who will explore the new budget and the upcoming fiscal battles in Congress.