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At no time since the founding of the Federal Reserve nearly a century ago has it been more important to reconsider the role of monetary policy in a free society. A new, special issue of Cato Journal addresses how to make the transition from the current regime of discretionary government fiat money to sound money or what Richard H. Timberlake calls "constitutional money." In particular, what types of monetary reform would help prevent future crises, limit government power, increase the range of choices open to individuals, and safeguard the long-run value of money?
The American Dream turned into a nightmare when the housing bubble burst, and people have been trying to figure out who to blame — Greedy bankers? Corrupt politicians? Ignorant homeowners? In American Nightmare: How Government Undermines the Dream of Homeownership, Cato scholar Randal O'Toole explores the forces at play in the housing market and shows how we can rebuild the American dream of homeownership by eliminating federal, state, and local policies that distort the free market for housing.
Unsurprisingly, President Obama and others have used the recent $2 billion loss by JPMorgan Chase as a call for more regulation. What the president and his allies miss is that recent events at JPMorgan illustrate how the system should — and does — work. Argues Cato scholar Mark A. Calabria, "Just as the Dodd-Frank Act used the cover of a crisis to reward special interests and ignore the actual fault lines in our financial system, President Obama and others are attempting to use JPMorgan's recent losses to cover up and distract from regulatory failings."
Behind the Case
Details and resources related to the lawsuit brought by David and Charles Koch against the Cato Institute.
Tough Targets
Examines defensive gun use, analyzing eight years of news reports on ordinary citizens defending themselves against criminals.
Cato Journal
"Is Immigration Good For America?" - features articles from experts in the field and covers some of the most controversial aspects of immigration today.
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