When Proposition 19 (an initiative proposal that would have legalized marijuana) was being considered and debated last year in California, virtually every newspaper editorialized against it. Now comes the Seattle Times with a strong editorial calling for legalization in Washington state. The reader response has been very favorable. And the Drug Czar reportedly wants to meet with the editorial board–presumably to secure a retraction. That’s doubtful, but perhaps the editorial board can secure his endorsement or perhaps his resignation.
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.
March 12, 2014
March 12, 2014
Latest CommentaryWhen I first became a reporter in 1945 for a Boston radio station, a veteran journalist commanded me: “Kid, when you’re on a good...
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How has your state’s academic performance changed over the past two generations? Stay tuned to find out…
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.