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.
Featuring Chris Edwards,
Director of Tax Policy, Cato Institute, and author, Downsizing the Federal Government;Rep. Jeb Hensarling,
Chief Political Correspondent, Washington Times;
Vice President, Domestic and Economic Policy Studies, Heritage Foundation.
In a new Cato Institute book, Chris Edwards provides a detailed plan to avert a looming federal financial crisis caused by runaway spending and the exploding costs of entitlement programs. His research identifies more than 100 federal programs that should be terminated, transferred to the states, or privatized in order to balance the budget and save hundreds of billions of dollars. Downsizing the Federal Government discusses the systematic causes of wasteful spending, and it overflows with examples of programs that are obsolete and mismanaged. Edwards is joined by a distinguished panel to discuss the book and consider solutions to Washington’s budget woes.