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Fred L. Smith, Jr., In This Month's Cato Unbound

This month's Cato Unbound series focuses on the constraints of money in politics, how businesses respond to opportunities for rent-seeking, and prospects for the future of free market advocacy. In his initial essay, CEI Founder and Chairman and Director of CEI's Center for Advancing Capitalism, Fred L. Smith, Jr., makes the case for increased business involvement in politics on the side of free markets. He suggests that academics and intellectuals sympathetic to capitalism should consider how their work affects the narratives about business that frame the general public's views. Public choice economists, in his opinion, may have actually contributed to the decline of principled businessmen and the rise of crony capitalists. You can read see the entire series here, or go directly to Fred's essay here.