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 2015 Annual Report, which documents a dynamic year of growth and productivity. The thousands of individuals who contribute to Cato are passionate about freedom and committed to ensuring that future generations enjoy the blessings of liberty, unencumbered by an overreaching state that seeks to control their lives. This is Cato’s optimistic vision for the future, and it would be unimaginable without the Institute’s longstanding partnership with its Sponsors. We will continue our diligence and dedication to seeing this vision realized.
In Defense of Our America: The Fight for Civil Liberties in the Age of Terror
Featuring the co-authors, Anthony Romero, Executive Director, American Civil Liberties Union, and Dina Temple-Raston.
In a new book, In Defense of Our America, the executive director of the ACLU, Anthony Romero, and journalist Dina Temple-Raston claim that the legal protections set forth in the Bill of Rights are eroding in the age of terror. Against the backdrop of post-9/11 America, the authors go behind the scenes of some of the most important civil liberties cases in recent years. From the story of the “American Taliban” to the battle against the National Security Agency’s warrantless spying program, Romero and Temple-Raston track a roster of legal battles concerning the rights of individuals suspected of terrorism. The authors also discuss civil liberties skirmishes beyond the war on terrorism, such as a modern-day Scopes trial in Dover, Pennsylvania. Join us for a discussion about the proper role of government in a free society.