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 R. James Breiding, Author, Swiss Made, and founder, Naissance Capital; with comments by Richard Rahn, Senior Fellow, Cato Institute, and Chairman, Institute for Global Economic Growth; moderated by Mark Calabria, Director, Financial Regulation Studies, Cato Institute; with a brief welcome by Manuel Sager, Swiss Ambassador to the United States.
With what appears to be a never-ending fiscal crisis in Europe, it would be tempting to conclude that every country in Europe is at the risk of impending failure. Such a conclusion would be false. In the middle of Europe lies one country, Switzerland, where moderate taxes and regulation have not strangled innovation. R. James Breiding, author of Swiss Made: The Untold Story behind Switzerland’s Success, will describe the institutions and characteristics that have made the Swiss economy a success. Our panel will also examine what lessons the Swiss model offers for the rest of Europe.