Galileo was born 449 years ago, which is reason enough for the publication of several books about him in 2013. In the New Yorker, Adam Gopnik has a great review-essay about Galileo, his trial, and the new books. I’m intrigued by the argument he presents that Galileo could have avoided a lot of trouble if he’d been just a little less stubborn and impolitic. Gopnik defends “the originality of the scientific revolution.” He talks about Galileo’s authorship of “the most entertaining classic of science ever published.” He even throws in an apropos Milton Friedman reference. Perhaps most impressively, he does a good job of helping us understand the perspective of the church hierarchy, which seems so foreign to our modern liberal sensibilities.
Featuring John Allison, President and CEO, Cato Institute; Rep. Kevin Brady (TX-8), Chairman, Joint Economic Committee; and Norbert Michel, Research Fellow in Financial Regulations, Heritage Foundation; moderated by James A. Dorn, Vice President for Monetary Studies and Senior Fellow, 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.
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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.