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.
The China Factor: Persuading Beijing to Get Tough with North Korea
Featuring Ted Galen Carpenter, Vice President for Defense and Foreign Policy Studies, Cato Institute; and Doug Bandow, Senior Fellow, Cato Institute.
Although North Korea has recently made some minor conciliatory gestures, there is little indication that Pyongyang intends to give up its destabilizing nuclear and missile programs. What can be done? War is not an acceptable option, increased sanctions seem unlikely to work, and so far diplomacy has proved ineffective. Does working in closer cooperation with China offer a better option? Beijing has the most clout in Pyongyang, but remains unwilling to use its influence. Could U.S. policymakers persuade China to take a more active role, perhaps even working to oust the murderous regime of Kim Jong-il? What arguments would be most compelling for Beijing and what incentives might Washington offer to win China’s cooperation?