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.
The American pika (Ochotona princeps) is an insanely cute critter often found in above-timberline rock fields in the western U.S. Because they often live near mountain peaks, there’s been concern that global warming could push them over the top, to extinction.
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.
Dodging the Draft: Will There be One? Do We Need One?
Featuring Doug Bandow, Senior Fellow, Cato Institute; and Larry Korb, Senior Fellow, Center for American Progress.
There is talk of reinstating the draft. The Pentagon is worried about overextended manpower and the Selective Service System is quietly seeking volunteers for draft boards. Reps. Charles Rangel (D-NY) and John Conyers Jr. (D-MI) both support reinstating the draft, and a national service bill by Sens. John McCain (R-AZ) and Evan Bayh (D-IN) resembles a draft proposal. Before the possibility becomes a reality, we need to examine whether returning to a draft is a good idea. Our experts will explain how current policies are driving us toward a draft and will discuss such grave questions as whether we need a draft to bolster our stretched-too-thin military; whether a conscripted force would be as capable as an all-volunteer force; and whether a draft would serve societal goals such as equality among differing income or ethnic groups.