Trade on Trial, Again

Today, nearly all economists agree that free trade, by expanding the size of the market to enable greater specialization and economies of scale, generates more wealth than any system that restricts cross-border exchange.  But demagoguing trade has become an election year pastime.  Luckily, says Daniel J. Ikenson in the new issue of Cato Policy Report, despite the abundance of antitrade rhetoric on the campaign trail, it is difficult to imagine an actual president of the United States supporting policies commensurate with the bluster.

Voice, Exit, and Liberty: The Effect of Emigration on Origin Country Institutions

Nations with freer economies, the rule of law, and other strong institutions are more prosperous than others. Some economists fear that immigrants could bring their bad institutions with them and overwhelm those of the first world, slowing down economic growth in the future. In a new paper, Michelangelo Landgrave and Alex Nowrasteh show that there is scant evidence that those who immigrate to the developed world endanger economic freedom there. However, there is evidence that emigrants from the developing world do affect the economic, political, and social institutions in their home countries.

Hate Speech Laws: Ratifying the Assassin’s Veto

Recently criticisms of religion have been met by violence and threats of violence, the most infamous being the murder in Paris of several editors of the satirical weekly, Charlie Hebdo. The phenomenon of killing or threatening to kill those who insult you or your way of life has come to be known as the assassin’s veto. These events raise anew a basic question for liberal societies: how much expression must a free society tolerate? In a new study, Cato adjunct scholar Robert Corn-Revere argues that we have learned from hard experience in the United States that free expression cannot long survive without protecting outrageous and offensive speech.

Cato University 2016

Cato University is the Cato Institute’s premier educational event of the year, bringing together like-minded people to share ideas on how to advance, enhance, and defend the principles of liberty, free markets, and individual rights. This annual program – held this year at Cato in Washington, DC from July 24-29 – brings together outstanding faculty and participants from across the globe – all sharing a commitment to liberty and learning. Rep. Justin Amash (R-MI) will be giving a special lecture this year on “Defending Liberty in the Halls of Congress.”

Recent Commentary

Cato Fiscal Grades: Gary Johnson and William Weld

For November, voters turned off by Trump and Clinton may be interested in the likely Libertarian Party ticket of Gary Johnson and William Weld. Johnson is a former governor of New Mexico (1995-2003), and Weld is a former governor of Massachusetts (1991-1997).

Events

June 6

Futures Unbound: The Cato Summit on Financial Regulation

Featuring Mark A. Calabria, Director, Financial Regulation Studies, Cato Institute; Hon. Blaine Luetkemeyer (R-MO), Chairman, Subcommittee on Housing and Insurance, U.S House of Representatives; Thomas Sullivan, Associate Director, Division of Banking Supervision and Regulation, Board of Governors of the Federal Reserve System; Thaya Brook Knight, Associate Director, Financial Regulation Studies, Cato Institute; George Selgin, Director, Center for Monetary and Financial Alternatives, Cato Institute; and Omri Ben-Shahar, Leo and Eileen Herzel Professor of Law and Kearney Director of the Coase-Sandor Institute for Law and Economics, University of Chicago.

10:00AM to 2:00PM
The Drake Hotel, 140 East Walton Place, Chicago, IL

Of Special Note

What Is Justice?

Political Philosophy: An Introductio

Political Philosophy: An Introduction is the latest in a series of self-paced, online guides from Libertariansism.org – a project of the Cato Institute. The goal of political philosophy is to determine the standards by which we judge different institutions good or bad, just or unjust. Political Philosophy is a primer on major theories of justice, arguments philosophers have made for and against them, and to how to be more thoughtful and rigorous in our own thinking. Guides – videos and accompanying text – are detailed at Libertarianism.org/Guides – and are also available through online retailers nationwide.

Special! 10 Copies for $10

Cato Pocket Constitution

To encourage people everywhere to better understand and appreciate the principles of government that are set forth in America’s founding documents, the Cato Institute published this pocket-size edition.

Now Available

The Libertarian Mind Audiobook

The Libertarian Mind, by David Boaz, longtime executive vice president of the Cato Institute, is the best available guide to the history, ideas, and growth of libertarianism, and is the ultimate resource for the current, burgeoning libertarian movement. This acclaimed book is now available as a fully unabridged audiobook, ready for immediate downloading, on Audible.com.

Cato University 2016

Cato University is the Cato Institute’s premier educational event of the year, bringing together like-minded people to share ideas on how to advance, enhance, and defend the principles of liberty, free markets, and individual rights. This annual program – held this year at Cato in Washington, DC from July 24-29 – brings together outstanding faculty and participants from across the globe – all sharing a commitment to liberty and learning. Rep. Justin Amash (R-MI) will be giving a special lecture this year on “Defending Liberty in the Halls of Congress.”