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.
The American pika (Ochotona princeps) is an insanely cute critter often found in above-timberline rock fields in the western U.S. Because they often live near mountain peaks, there’s been concern that global warming could push them over the top, to extinction.
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.
The Case against a Standing Nation-Building Office
Featuring Justin Logan, Foreign Policy Analyst, Cato Institute; and Christopher Preble, Director of Foreign Policy Studies, Cato Institute.
The idea that the United States needs a standing nation-building office has gained strong bipartisan support in Congress. The arguments in favor of such an office are rooted in the belief that failed states are threats to U.S. national security. But do failed states pose such a threat? Further, to the extent that they do, would a permanent nation-building office succeed in averting or remedying state failure? When interventions are absolutely necessary, do we need a standing nation-building corps to plan for the missions?
Justin Logan will discuss his and Christopher Preble’s recent Policy Analysis, “Failed States and Flawed Logic: The Case against a Standing Nation-Building Office,” which explains why the presumption that state failure poses a threat to the United States is flawed. He will also explore the likely costs and risks of a foreign policy dedicated to nation building, given that U.S. nation-building projects in the past have had a highly dubious track record. Preble will explore the greatest foreign policy challenge facing the United States today — looming state failure in Iraq — and describe why it is unlikely that a standing nation-building office would have reduced the costs and risks of the current military mission there.