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 Sen. John Cornyn (R-TX) and a debate between Roger Pilon, Director, Cato Institute Center for Constitutional Studies, and John Echeverria, Executive Director, Georgetown Environmental Law and Policy Institute
The public outcry that followed the Supreme Court’s decision last June in Kelo v. New London has been loud and sustained. Americans have awakened at last to the power of government to take their homes and businesses and transfer title to others—all in the name of “economic development.” In response, legislatures across the country, including in Congress, are introducing measures to better protect the rights of owners. Sen. John Cornyn, a member of the Senate Judiciary Committee and a former justice on the Texas Supreme Court, has introduced one such bill. Please join us for a discussion of what Congress is doing to protect owners, followed by a debate over the issues at stake.