The rescue by the Colombian army of Ingrid Betancourt and three American contractors held hostage for years by the FARC guerrillas constitutes a crippling blow to the rebel group. Due to her high profile as a former presidential candidate, the release of Betancourt had become a powerful bargaining tool for the FARC. Now their standing is severally damaged. However, the guerrilla group still holds hostage approximately 700 people in the jungles of Colombia. This rescue, along with other serious setbacks that the FARC have suffered in recent months, including Hugo Chávez’s call to put down their arms, should further isolate the FARC and increase the pressure within the group to put an end to the armed conflict.
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.