Featuring Gene Healy, Vice President, Cato Institute; and Christopher Preble, Vice President for Defense and Foreign Policy Studies, Cato Institute; moderated by John Maniscalco, Director of Congressional Affairs, Cato Institute.
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.
Chris Edwards, director of Cato’s fiscal policy studies, discusses new GDP numbers alongside Mark Zandi, chief economist with Moody’s Economy.com. Edwards asserts that private investment remains in decline even as GDP appears to be surging forward. Judy Woodruff moderates.