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.
Does the Record Trade Deficit Threaten the U.S. Economy?
Featuring Dan Griswold, Director of the Center for Trade Policy Studies, Cato Institute.
America’s current account deficit reached a record $857 billion in 2006, including an $836 billion trade defect in goods. Critics of free trade argue that the deficit threatens U.S. jobs and manufacturing and that it only confirms the failure of U.S. trade policy. Daniel Griswold, director of the Cato Institute’s Center for Trade Policy Studies, will explain why so much of the conventional wisdom about the trade deficit is wrong. Griswold will highlight the results of his March 12 study, “Are Trade Deficits a Drag on U.S. Economic Growth?”