Featuring William P. Ruger, Vice President of Policy and Research, Charles Koch Institute; Jason Sorens, Lecturer, Department of Government, Dartmouth College; 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.
Either allow spending to grow on autopilot, which would mean a return to trillion dollar-plus deficits within eight years. Or limit spending so it grows at the rate of inflation, which would balance the budget in eight years.
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 2015 Annual Report, which documents a dynamic year of growth and productivity. The thousands of individuals who contribute to Cato are passionate about freedom and committed to ensuring that future generations enjoy the blessings of liberty, unencumbered by an overreaching state that seeks to control their lives. This is Cato’s optimistic vision for the future, and it would be unimaginable without the Institute’s longstanding partnership with its Sponsors. We will continue our diligence and dedication to seeing this vision realized.
Blakely’s Wake: Should the Federal Sentencing Guidelines Be Saved or Scrapped?
The Cato Institute and the Federalist Society invite you to a Policy Forum featuring Honorable William Young, Chief Judge, U.S. District Court for Massachusetts; Daniel J. Bryant, Assistant Attorney General for Legal Policy, U.S. Department of Justice; Erik Luna, Professor of Law, University of Utah; and Jack M. Kress, Author, Prescription for Justice: The Theory and Practice of Sentencing Guidelines.
The federal criminal justice system is in disarray. Each week some 1,200 people are sentenced in federal court, but the legality of these sentences is suddenly in doubt. That is because the Supreme Court recently held that the constitutional right to trial by jury requires that any factor that can be used to increase the amount of prison time that a defendant will serve must be proven to a jury beyond a reasonable doubt. The ruling in Blakely v. Washington initially invalidated the sentencing system in the State of Washington, but it has called into question the power of federal judges to make certain factual findings and increase prison time on the basis of those findings. Chief Judge Young had already declared the federal guidelines unconstitutional and now the Justice Department is urging the Supreme Court to clarify its ruling and preserve the federal sentencing regime. Please join us for a discussion of whether the federal sentencing rules ought to be saved or scrapped.