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.
From a patient’s point of view, the ideal health insurance policy would offer unlimited access to medical services at no charge. Unfortunately, it is not feasible to offer this to everyone. The key to sustainable health care reform is restraining the use of services that have high costs and low benefits. How will a government-funded system restrain spending? Why might a market-oriented alternative be attractive? Please join Cato scholar Arnold Kling to examine the challenges facing health reformers and the feasibility of alternative proposals.