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.
The Dangers of Disclosure: The Unintended Consequences of Campaign Regulations for Free Speech and Privacy
Featuring Steve Simpson,
Senior Attorney, Institute for Justice;
Dick Carpenter, Director of Strategic Research, Institute for Justice;
Associate Director for Policy, Campaign Finance Institute; and
Director, Center for Representative Government, Cato Institute.
Most people support campaign finance disclosure laws–that is, laws that require contributors to political campaigns to disclose to the government and the public their identities, addresses, and, in some cases, employers. According to proponents, disclosure laws combat corruption by exposing campaign contributions to the light of day, and they provide information that assists voters in deciding how to vote. Research supporting these claims is sparse, however, and few studies have considered the impact of disclosure laws on rights to free speech, association, and privacy. At this event, the Institute for Justice will release a new study that examines disclosure laws as they apply to ballot issue campaigns. The results seriously undermine the assumption that forced disclosure contributes to a more informed electorate and underscore the adverse impact of disclosure laws on individual rights.