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 Charles V. Peña, Director of Defense Policy Studies, Cato Institute
and Daniel Goure, Vice President, Lexington Institute
Last month, Deputy Defense Secretary Paul Wolfowitz acknowledged that what was supposed to be a temporary increase of 30,000 troops in the U.S. Army will be made permanent in 2007. Both leading neoconservatives and liberal interventionists are calling for increasing the U.S. Army and Marine Corps by 25,000 troops a year for the next several years. But a larger army is not the solution to the situation in Iraq, is not necessary for U.S. national security, and will not help in the fight against the terrorist threat. Please join our experts for a discussion of why the United States does not need a larger army.