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.
Unions cannot simply take resources from nonmembers and devote them to certain political activities. That from the U.S. Supreme Court today. Trevor Burrus, a legal associate at the Cato Institute, evaluates the court’s decision.
Video produced by Caleb O. Brown, Austin Bragg and Evan Banks.