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 Johnny Munkhammar, Program Director, Timbro, Sweden; Ezra Klein Writing Fellow, American Prospect;
and Dan Mitchell, Senior Fellow, Cato Institute.
Most of Western Europe suffers from high taxes, high unemployment, and low growth rates, but some observers see Scandinavia as an exception that has managed to combine an extensive welfare state with robust economic growth. New Republic recently lauded Denmark as an example for the United States to follow. Should the United States adopt the Scandinavian model? What are the real lessons from Denmark, Norway and Sweden?