Options for Federal Privatization and Reform Lessons from Abroad

The American economy is sluggish, the government is running large deficits, and the public is frustrated with the poor performance of federal bureaucracies. One reform that can tackle all of these problems is privatizing federal businesses and assets.  In a new study, Cato scholar Chris Edwards discusses a dozen advantages of privatization and describes government activities that should be moved to the private sector.

Brexit Marks the Beginning of the End for the European Union

On Thursday, in a narrow vote, the British people voted to leave the European Union. The question facing British voters was, fundamentally, whether their parliament should be sovereign and their laws supreme, or whether such powers should continue to be pooled at the European level. According to Cato scholar Marian L. Tupy, by showing the rest of Europe that it is possible to live in prosperity and peace outside the suffocating confines of the EU, Britain could lead the way for other nations – including Denmark, France, Holland and Sweden – that wish to regain their sovereignty and chart their own course.

New York’s Bank: The National Monetary Commission and the Founding of the Fed

Legislation calling for the establishment of a Centennial Monetary Commission “to examine the United States monetary policy, evaluate alternative monetary regimes, and recommend a course for monetary policy going forward,” was introduced in both the House and the Senate in 2015. Prompted by the subprime financial crisis, and particularly by a belief that the crisis revealed significant shortcomings of the Federal Reserve System, the Centennial Monetary Commission plan draws inspiration from the National Monetary Commission convened over a century ago. In a new paper, Cato scholar George Selgin reviews the earlier Monetary Commission’s origins, organization, and shortcomings, in order to suggest how a new commission might improve upon it.

Reducing Wasteful Incarcerations

Prisons are essential to a safe and civil society. Prisons are also costly for the taxpayers whose government houses, feeds, medicates, and supervises millions of people under lock and key. This expense is compounded by errors in the U.S. legal system that produces both false guilty verdicts and overly harsh penalties. In the new issue of Regulation, Christopher Robertson and Jamie Cox Robertson argue that society would benefit from rewarding attorneys for identifying the wrongly and unnecessarily imprisoned.

Recent Commentary

Come on, Trump, Debate Gary Johnson

When Trump was a political outsider, he wanted the debate stage opened up to alternative viewpoints; now that he’s a member of the club, he wants it kept more exclusive than the Mar-a-Lago.

New York Lawmakers Are Waging War on the Sharing Economy

Rather than slow the growth of innovative companies and threaten apartment owners with thousands of dollars in fines, New York officials and lawmakers should provide a regulatory environment in which hotel owners compete with homeowners and customers have the most choice.

Events

June 30

Should Free Traders Support the Trans-Pacific Partnership?

Featuring Ambassador Michael Froman, United States Trade Representative, Office of the United States Trade Representative; Ambassador Clayton Yeutter, Former United States Trade Representative, Office of the United States Trade Representative; Daniel Ikenson, Director, Herbert A. Stiefel Center for Trade Policy Studies, Cato Institute; Simon Lester, Trade Policy Analyst, Cato Institute; Philip Levy, Senior Fellow on the Global Economy, Chicago Council on Global Affairs; Daniel Pearson, Senior Fellow in Trade Policy Studies, Cato Institute; Derek Scissors, Resident Scholar, American Enterprise Institute; Geir Ulle, Director of International Trade, JT International; K. William Watson, Trade Policy Analyst, Cato Institute.

9:00AM to 12:00PM
Hayek Auditorium

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.”