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.
The Supreme Court has upheld much of the Affordable Care Act, but the manner in which the majority made its ruling may make this a “constitutional moment” that ultimately changes how we think about the Constitution. Cato Institute senior fellow Randy E. Barnett comments on the ruling.
Video produced by Caleb O. Brown, Austin Bragg and Evan Banks.