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.
With comments from: Paul Feine, Director and Producer, America’s Longest War; Michael Barone, Resident Fellow, American Enterprise Institute; Laura W. Murphy, Director, Washington Legislative Office, American Civil Liberties Union.
America’s Longest War is a new documentary from the Reason Foundation about the federal government’s 40-year war on drugs. It chronicles the history of drug prohibition from President Nixon’s declaration of war in 1971 through President Obama’s broken promises on medical marijuana. After more than $1 trillion taxpayer dollars and thousands of paramilitary raids on American homes and drug arrests each year, the prisons are overflowing with drug offenders.
Is the drug war working? According to the documentary, drug usage rates have not declined and illegal drugs are more available — and cheaper — than ever before. America’s Longest War examines how a policy escalated from a relatively small domestic program that focused on treatment to the multi-billion dollar international war it is today.