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 Randal O’Toole, Senior Fellow, Cato Institute; Shirley Ybarra, Senior Transportation Policy Analyst, Reason Foundation; Gabriel Roth, Author, Roads in a Market Economy; moderated by Laura Renz, Government Affairs Manager, Cato Institute.
As Congress considers its options for surface transportation, the big question is, How will we pay for all of our transportation needs? One answer is transportation privatization. Shirley Ybarra, former secretary of transportation for the Commonwealth of Virginia, will describe actual examples of public-private partnerships. Gabriel Roth will discuss the pros and cons of highway privatization, and Randal O’Toole, author of Gridlock: Why We’re Stuck in Traffic and What to Do about It, will focus on transit privatization.