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 summarily rejected a claim that the First Amendment didn’t apply to Montana’s prohibitions on corporate spending on political speech. The Cato Institute’s John Samples comments on the future of free political speech given the continued challenges to the holdings of Citizens United.
Video produced by Caleb O. Brown, Austin Bragg and Evan Banks.