May 9, 2015
Baptists & Bootleggers: Odd-bedfellows Encourage Regulatory Cartels
Bruce Yandle, professor of economics at George Mason University, dean emeritus of the Clemson College of Business and Behavioral Sciences, and former executive director of the Federal Trade Commission, explains his “Baptist and Bootlegger” theory of regulation. Yandle describes how these odd-bedfellow coalitions encourage regulatory cartels.
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Bill Frezza 
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