Washington Post columnist Richard Cohen today laments what he calls the “cratering of liberalism.” Cohen remembers that the “liberal agenda once included confiscating handguns and abolishing the right to own one.” Yes, agreed, we should remember that. Liberals would really like Obama to channel Michael Douglas, who played a liberal commander-in-chief in the Rob Reiner/Aaron Sorkin film, The American President (excerpt below). Should we do this in the inaugural address or the state of the union? That’s probably the debate among Obama’s speechwriters.
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.