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 Dan Ikenson, Director, Herbert A. Stiefel Center for Trade Policy Studies, Cato Institute; Simon Lester, Policy Analyst, Herbert A. Stiefel Center for Trade Policy Studies, Cato Institute; Daniel Pearson, Senior Fellow, Herbert A. Stiefel Center for Trade Policy Studies, Cato Institute; and Bill Watson, Policy Analyst, Herbert A. Stiefel Center for Trade Policy Studies, Cato Institute.
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In this issue of the Cato Journal, economists Geoffrey Black, D. Allen Dalton, Samia Islam, and Aaron Batteen offer one prominent example of allowing the market to work. Also in this issue, economists Jason E. Taylor and Jerry L. Taylor reexamine the relationship between marginal tax rates and U.S. growth, and Robert Krol looks at bias in CBO and OMB economic forecasts.
The 2008-2009 financial crisis and Great Recession have vastly increased the power and scope of the Federal Reserve, and radically changed the financial landscape. This new ebook examines those changes and considers how the links between money, markets, and government may evolve in the future.