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.
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 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: David A. Shore, Director of Trust Initiative and Associate Dean, Harvard School of Public Health, and editor of The Trust Crisis in Healthcare: Causes, Consequences, and Cures (2007); with comments by L. Stephan Vincze, Vice President, Ethics and Compliance Officer, Privacy Officer, TAP Pharmaceutical Products; and Heidi Li Feldman, Prof. of Law, Georgetown Law Center; moderated by Sigrid Fry-Revere, Director of Bioethics Studies, Cato Institute.
When patients lose trust in their physicians and physicians lose trust in the organizations they work with, the tendency is to think that the only solution is government oversight. Dr. Shore concludes that government intervention will aggravate the U.S. trust crisis even further and that there are private solutions that can not only stave off unnecessary regulation but also give prudent health care providers a significant market advantage. Please join us to learn marketing strategies from America’s foremost expert on solving the U.S. trust crisis in health care.