One Year into the TTIP Negotiations: Getting to Yes

We are now just over one year into the Transatlantic Trade and Investment Partnership (TTIP) negotiations, and it is time for an evaluation of what has been achieved. Are the talks progressing as rapidly as hoped? Are the hurdles surmountable? Will this giant free-trade zone actually come to fruition?  A new bulletin from Cato scholar Simon Lester examines the current state of the TTIP talks relative to expectations and in the larger context of the world trading system.

Medical Marijuana Laws and Teen Marijuana Use

Given its overall popularity with the general public, it could be viewed as surprising that approximately half of the states still have not legalized medical marijuana. Opponents of medical marijuana, however, have employed a number of arguments, several of which focus on marijuana use by teenagers.  New research from D. Mark Anderson, Benjamin Hansen and Daniel I. Rees examines the relationship between medical marijuana laws and marijuana consumption among high school students.  Their results suggest that the legalization of medical marijuana is not accompanied by increases in marijuana use among high school students.

The Financial Crisis: Why the Conventional Wisdom Has It All Wrong

Don’t believe for a moment those economic theorists who tell us the reason for our slow growth, economic malaise, and continued high unemployment is due to the uniqueness of a financially led economic recession. In the new issue of Cato Journal, Richard Kovacevich, Chairman Emeritus of Wells Fargo, outlines the political decisions and regulations that have contributed to the crisis and sluggish recovery.  Also in this issue, 2012 Friedman Prize winner Mao Yushi looks at the tragic legacy of China’s Great Famine, and 2014 Friedman Prize winner Leszek Balcerowicz discusses the main problems and proposed solutions with respect to the euro.

The Public’s Preference for Renewed Federalism

For much of its history, the United States had a notably decentralized government structure. Since the 1930s, the national government has undertaken new efforts to regulate the economy and society and to redistribute resources. Those new efforts have implied a greater centralization of authority in Washington. In the past the public often supported such centralization. However, according to a new study from Cato scholars John Samples and Emily McClintock Ekins, public opinion about federalism has changed. Voters are more supportive of decentralized policymaking on many issues where they previously supported a stronger national role.

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32nd Annual Monetary Conference

32nd Annual Monetary Conference
Alternatives to Central Banking: Toward Free-Market Money

Thursday, November 6, 2014
9:00 a.m. — 6:15 p.m.

When the Federal Reserve was created in 1913, its powers were limited and the U.S. was on the gold standard. Today the Fed has virtually unlimited power and the dollar has no backing. Leading scholars and advocates for fundamental monetary reform will discuss the case for sound money and the reforms needed to realize it.

Details and registration