Cato Audio Issues

January 2020


• Alex Nowrasteh and Andrew Forrester with Caleb Brown on the role of trust in societies
• Sen. Rand Paul (R‑KY) on The Case Against Socialism
• Sir Paul Tucker on central banks and the rule of law
• Leszek Balcerowicz on liberalism and authoritarianism
• Keith E. Whittington on Repugnant Laws

Preventing Financial Bailouts Is Hard

It should have been obvious ex ante that failing institutions and their investors would manipulate the system to avoid the impact of the (well‐​intentioned) regulation that tried to outlaw bailouts.