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 the author Lawrence H. White, Professor of Economics, George Mason University; with comments by Sylvia Nasar, John S. and James L. Knight Professor of Business Journalism, Columbia University, Author, A Beautiful Mind and Grand Pursuit: The Story of Economic Genius, moderated by James A. Dorn, Editor, Cato Journal, and Vice President for Academic Affairs, Cato Institute.
The last 100 years have seen dramatic experiments in economic policy, from the Bolshevik Revolution to the World Trade Organization. All the while government’s role in the economy has steadily grown. The recent global housing bubble and its subsequent burst — with ensuing bailouts, budget deficits, and sovereign debt crises — has rekindled old debates over fundamental policy issues: the monetary regime, the business cycle, state regulation and ownership of enterprises, and taxes and spending. In his new book, The Clash of Economic Ideas, Lawrence H. White examines the intellectual roots of today’s debates, tying the development of economic ideas to the key events in economic history. Along the way we learn why economists so often disagree about the kinds of government policies required for economic prosperity.