A limited constitutional government calls for a rules-based, freemarket monetary system, not the topsy-turvy fiat dollar that now exists under central banking. This issue of the Cato Journal examines the case for alternatives to central banking and the reforms needed to move toward free-market money.
Americans are finally enjoying an improving economy after years of recession and slow growth. The unemployment rate is dropping, the economy is expanding, and public confidence is rising. Surely our economic crisis is behind us. Or is it? In Going for Broke: Deficits, Debt, and the Entitlement Crisis, Cato scholar Michael D. Tanner examines the growing national debt and its dire implications for our future and explains why a looming financial meltdown may be far worse than anyone expects.
The Cato Institute has released its 2014 Annual Report, which documents a dynamic year of growth and productivity. “Libertarianism is the philosophy of freedom,” Cato’s David Boaz writes in his book, The Libertarian Mind. “It is the indispensable framework for the future.” And as the new report demonstrates, the Cato Institute, thanks largely to the generosity of our Sponsors, is leading the charge to apply this framework across the policy spectrum.
Accidental Occidental: Economics and Culture of Transition in Mitteleuropa, the Baltic and the Balkan Area
Featuring the author Lajos Bokros, Former Minister of Finance, Hungary, Member of European Parliament, Professor of Economics and Public Policy, Central European University; with comments by Charles Gati, Professorial Lecturer in Russian and Eurasian Studies, Johns Hopkins University School of Advanced International Studies; moderated by Tom G. Palmer, Senior Fellow, Cato Institute, Executive Vice President for International Programs, Atlas Economic Research Foundation.
The transition to market democracy in most of Central Europe can rightfully be considered a success story. The experience of post-socialist countries from the Baltics to the Balkans, however, has varied greatly. Lajos Bokros, who played a key role implementing market reforms in Hungary in the 1990s, will review lessons of the transition and the current vitality of capitalism and liberal democracy in a diversity of countries, including his own.