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 Justin Logan, Cato Institute; and Ted Galen Carpenter, Cato Institute.
Taiwan spends far too little on its own defense, in large part because the Taiwanese believe the United States is their ultimate protector. Meanwhile, Taiwan’s political leaders are creating the worst possible combination: the provocative cross-strait policy of President Chen Shui-bian and the opposition-dominated legislature’s irresponsible policy on defense spending. A bold cross-strait policy coupled with inadequate defense spending virtually invites a Chinese challenge, and America would be caught in the middle. Please join us for an analysis of the dangers inherent in the U.S.-China-Taiwan relationship, and a proposal for a new way forward.