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 F. Cannon, Cato Institute and Patrick Fleenor, Chief Economist, Tax Foundation.
Congress has approved legislation that would tax mostly poor people to fund government health insurance for non-poor people. In contrast, President Bush wants to increase federal funding for the State Children’s Health Insurance Program by just a little. Higher tobacco taxes aren’t just unfair to the poor, they are also dangerous. Moreover, there is a better approach than increasing federal SCHIP funding.