This is the Cato Daily Podcast for Friday, June 2nd, 2023.

I'm Caleb Brown.

We've strayed a long way from the founding vision for adjudicating crimes. Government has over the past two centuries absolutely rigged

the process.

At the Cato Institute's Benefactor Summit held last month, Cato's Clark Neely details

precisely how the deck came to be so stacked against

average Americans, and he offers some hope for a way back.

As a baby public interest lawyer working at the Institute for Justice, the first real public

interest case I ever had was actually in Las Vegas challenging a Las Vegas limousine monopoly.

And I ended up having to go to Vegas about once every month, and it's a

fascinating place full of people who have made some horrible choices with their

lives. But one of these is really fascinating about Las Vegas is it has a bunch of

micro economies. A lot of things are going on in Vegas that aren't necessarily

going on in other places or they're just they're more overt in Vegas. And one of the

most fascinating economies to me is the

casino economy and it's one reason this is fascinating is because they figured out a

way to get people to voluntarily sit down at a table and play a game that will to

a mathematical certainty cause them to lose money.

So how do they do this?

What they have is each casino game has a set of rules that is optimized to produce a particular result and that result is to attract people

to come and play the game voluntarily and lose money and I think that's rather

fascinating so that's what the casino is seeking to do. And we have a set of

...