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.
Featuring Christopher Preble, Director of Foreign Policy Studies, Cato Institute; James Dobbins, Director, International Security and Defense Policy Center, RAND Corporation; Clifford D. May, President, Foundation for the Defense of Democracies; Marc Lynch, Professor of Political Science, George Washington University; and moderated by Ted Galen Carpenter, Vice President for Defense and Foreign Policy Studies, Cato Institute.
Despite the infusion of nearly 30,000 Army and Marine Corps personnel, Adm. Michael Mullen, the next chairman of the Joint Chiefs, admits, “No amount of troops in no amount of time will make much of a difference” in Iraq if there is no effective Iraqi government. Are the objectives and benchmarks set for the Iraqi government achievable? To what extent has the surge reduced overall violence in Iraq? How much longer should the United States be willing to give the surge to work before considering a change in policy?