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 Declaration of Independents: How Libertarian Politics Can Fix What’s Wrong with America
Reason editors Nick Gillespie and Matt Welch introduce their new book with a multimedia presentation in the Hayek Auditorium. “In a world where our [political] choices are limited to John Boehner and Nancy Pelosi, the survivors envy the dead,” they write. But that’s not the world they actually see. They argue that despite our stunted politics, despite national bankruptcy, despite the war on drugs, revolutionary innovators have changed our world over the past 40 years: Vaclav Havel and the Plastic People of the Universe, Herb Kelleher and Southwest Airlines, Tiger Woods and the breakdown of categories, the personalization of media, and much more. It’s just politics that is resisting freedom and choice. And now millions of voters are trying to break out of stagnant political choices. Gillespie and Welch see a “future so bright, we gotta wear shades.”
At Marginal Revolution, Tyler Cowen writes, “This is the up-to-date statement of libertarianism. Not warmed-over right-wing politics, but real, true-blooded libertarianism in the sense of loving liberty and wanting to find a new path toward human flourishing.” Come see if he’s right.