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.
Was credit too cheap or too expensive? Did a lack of consumer protection cause the financial crisis? Todd Zywicki, a law professor at George Mason University says the diagnosis is wrong and so is the cure.