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 World Trade Organization Serve America’s Interests in the Global Economy?
Featuring Douglas Irwin, Dartmouth College; Grant Aldonas, Former Undersecretary of Commerce for International Trade; and Rep. Ron Paul, R-TX.
The U.S. House will soon vote on a resolution to withdraw the United States from the World Trade Organization. Supporters of the WTO maintain that U.S. membership encourages trade liberalization through multilateral negotiations, while establishing a rules-based system that protects the interests of American consumers and producers. Critics see the WTO as a threat to U.S. sovereignty and a lightning rod for more general discontents about free trade. Assessing the merits of U.S. membership in the WTO will be Douglas Irwin, one of the nation’s leading free-trade economists and author of the book Free Trade under Fire (2nd ed.), newly published by Princeton University Press; Grant Aldonas, a former top trade official in the Bush administration; and Rep. Ron Paul, a sponsor of the resolution to end U.S. membership.