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 Devil’s Footpath: A Young Person’s Journey through Africa
Featuring June Arunga, Inter-Region Economic Network, Nairobi, Kenya, and George Ayittey, Department of Economics, American University.
“Africa could be the best place on earth, but instead our best and brightest minds are leaving the continent in the millions.” So says June Arunga, a 22-year-old Kenyan law student who’s facing the same dilemma. Should she stay or should she go? To find an answer to that question, June embarked on a 5000-mile, six-week, soul-searching journey, traveling the length of Africa through Egypt, Sudan, Congo, Angola, Namibia and, finally, South Africa. Those six conflict-riven countries span the African continent and comprise “The Devil’s Footpath,” a new BBC documentary. Join us to see an excerpt from the film and hear Ms. Arunga expand on the importance of the rule of law and free markets in bringing about Africa’s renewal. Professor George Ayittey will provide insights from his own research and experiences in Africa.