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 Michael D. Tanner, Senior Fellow, Cato Institute and Michael F. Cannon, Director of Health Policy Studies, Cato Institute.
To cover the likely $2 trillion cost of extending health insurance coverage to the uninsured, Democratic leaders are scrambling to find ways to increase the American people’s taxes. Should Congress tax health benefits? Charitable contributions? Soda pop? Wages? The rich? Or are congressional leaders barking up the wrong tree? Is this rush to tax based on false premises? Two health policy experts from the Cato Institute—the co-authors of Healthy Competition: What’s Holding Back Health Care and How to Free It—will explain the pitfalls of tax-and-spend health care reform, as well as how true reform requires reducing the amount of money that politicians control.