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.
Education and Capitalism: How Overcoming Our Fear of Markets and Economics Can Improve America’s Schools
Featuring the authors Herbert J. Walberg, Hoover Institution; and Joseph L. Bast, Heartland Institute; with comments by John Fund, Wall Street Journal.
In spite of steady progress for the school choice movement over the last 20 years, relatively few children today are educated outside the government monopoly school system. Why hasn’t school choice been implemented on a wider scale? According to the authors Herbert Walberg and Joe Bast, the reason is that people don’t understand capitalism. Because people lack a basic understanding of how capitalism works, they are fearful of trusting it to educate children. Education will move from a government-operated enterprise to a privatized one only if people understand how and why markets can be trusted to do a better job of educating our children than government does. Please join us for a discussion of the virtues of capitalism and the methods for countering the myths about markets and education.