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.
Doing Bad by Doing Good: Why Humanitarian Action Fails
Featuring the author Christopher J. Coyne, F. A. Harper Professor of Economics, George Mason University; with comments by M. Peter McPherson, Former Administrator, U.S. Agency for International Development, 1981–1987; moderated by Malou Innocent, Foreign Policy Analyst, Cato Institute.
A common argument for intervening abroad is to alleviate potential or existing human suffering. Repeatedly, however, state-led humanitarian efforts have failed miserably. Why do well-funded, expertly staffed, and well-intentioned humanitarian actions often fall short of achieving their desired outcomes, leaving some of the people they intended to help worse off? Why are well-meaning countries unable to replicate individual instances of success consistently across cases of human suffering?
Using the tools of economics, Dr. Christopher Coyne’s new book, Doing Bad by Doing Good: Why Humanitarian Action Fails, shifts the discussion from the moral imperative of how governments should behave to a positive analysis of how they actually do. Coyne examines the limits of short-term humanitarian aid and long-term development assistance, the disconnect between intentions and reality, and why economic freedom—protection of property rights, private means of production, and free trade of labor and goods—provides the best means for minimizing human suffering. Join us as experts discuss this hotly debated topic.