Featuring Cato Institute Interns; and Heritage Foundation Interns; with an introduction by Mark Houser, Student Programs Coordinator, Cato Institute; moderated by Christopher Bedford, Senior Editor, Daily Caller.
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 not just a framework for utopia,” 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.
Alchemists of Loss: How Modern Finance and Government Intervention Crashed the Financial System
Featuring the authors Kevin Dowd, Pensions Institute, Cass Business School, City University London; and Martin Hutchinson, The Bear’s Lair; with comments by Anthony Sanders, George Mason University; moderated by Mark Calabria, Director, Financial Regulation Studies, Cato Institute.
Disasters are generally caused by bad ideas. There was the theory that government should guarantee housing loans and that the Federal Reserve could inflate our way to prosperity. There were the regulators, who thought risk could be eliminated by 1,000-page rulebooks. And there were the academics, who thought capitalism with massive debt and “scientific management” control was just as good as the real thing. In Alchemists of Loss, authors Kevin Dowd and Martin Hutchinson take each to task and show how all combined in bringing our financial markets to the brink.