Featuring James Gattuso, Senior Research Fellow, Heritage Foundation; Kevin Kosar, Senior Fellow, R Street Institute; and Chris Edwards, Editor, DownsizingGovernment.org, Cato Institute; moderated by Peter Russo, Director of Congressional Affairs, Cato Institute.
Unconventional monetary policy—characterized by “zero interest rate policy” (ZIRP) and “quantitative easing” (QE), along with macro-prudential regulation—has increased the power of central banks in the United States, Japan, and Europe. In the new issue of Cato Journal, contributors revisit the thinking behind unconventional monetary policy and the “new monetary framework,” make the case for transparent monetary rules versus foggy discretion, and point to the distortions generated by ultra-low interest rates and preferential credit allocation.
When the Danish newspaper Jyllands-Posten published the cartoons of the prophet Muhammad in 2005, Denmark found itself at the center of a global battle about the freedom of speech. The paper’s culture editor, Flemming Rose, defended the decision to print the 12 drawings, and he quickly came to play a central part in the debate about the limitations to freedom of speech in the 21st century. In The Tyranny of Silence, Flemming Rose provides a personal account of an event that has shaped the debate about what it means to be a citizen in a democracy and how to coexist in a world that is increasingly multicultural, multireligious, and multiethnic.
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.
America’s Drive for Energy Independence: Fueling the Oil Price Boom?
Featuring A. F. Alhajji, Associate Professor at the College of Business Administration, Ohio Northern University.
Moderated by Jerry Taylor, Cato Institute.
America’s increasingly loud and bipartisan call for energy independence may well be having a negative impact on world crude oil markets. A. F. Alhajji, one of America’s most widely published academic oil economists, believes that investment trends in oil-producing countries are being affected by our (largely rhetorical) campaign against foreign oil. The net result is less oil and gas exports and higher world prices. Alhajji is a syndicated columnist and a regular contributing editor for one of the industry’s premier publications, World Oil magazine. In addition, he is an associate editor for Oil, Gas and Energy Law. Alhajji is also the energy columnist for the major daily business newspaper in Saudi Arabia, Aleqtisadiah. His articles have appeared in numerous countries and in more than 10 languages.