Daniel Hannan, the British Member of the European Parliament, has blogged about a poster he saw at the offices of the EU Commission in Brussels. The symbol of communism is experiencing something of a revival throughout the world. Even here in Washington D.C., it is not unusual to bump into a latte-drinking, hammer-and-sickle-wearing hipster in desperate need of a shower and a shave. But an official government poster with a symbol of a regime that killed over 100 million people is simply too much—especially if that government claims to honor human rights and has just won the Nobel Peace Prize. While communism has always been a fun notion for trendy leftists enjoying the good life in the West, it was a horrific reality for hundreds of millions of people behind the Iron Curtain. Which begs a question: what on earth are the Czechs, Poles, Hungarians, Slovaks, Estonians, Latvians, Lithuanians and Slovenes, still doing in a corrupt, indebted, stagnating, unaccountable and, apparently, morally deaf organization like the European Union?
Featuring Benjamin H. Friedman, Research Fellow in Defense and Homeland Security Studies, Cato Institute; Spencer Ackerman, Senior Writer, WIRED Magazine; and Julian Sanchez, Research Fellow, Cato Institute; moderated by Laura Odato, Director of Government Affairs, Cato Institute.
In the new issue of Cato Policy Report, Cato President and CEO John A. Allison argues that the Federal Reserve is increasing the long-term risk in our financial system through both its monetary and regulatory policies. Also in this issue, James D. Gwartney looks at the incomplete “public choice revolution,” and explains how mainstream economics is leaving both current students and the general public with a misleading, false, and romantic view of government and the operation of the democratic political process.
Featured BookRenowned development economist Deepak Lal draws on 50 years of experience around the globe to describe developing-country realities and rectify misguided notions about economic progress.
More Bang for Your Buck
The Cato Institute tops a new measure of think tank performance in the United States, according to a recent report. Cato bested all other U.S. think tanks in the main category of “Aggregate Profile per Dollar Spent.” “I’m grateful to the Center for Global Development for showing that Cato gives its sponsors something I wish government gave more of to taxpayers: bang for the buck,” said Cato CEO John Allison.