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 the author, Rajan Menon, Monroe J. Rathbone Professor of International Relations, Lehigh University; with comments by Michael Mandelbaum, Christian A. Herter Professor of American Foreign Policy, Johns Hopkins School of Advanced International Studies; and Doug Bandow, Vice President of Policy, Citizens Outreach.
America’s Cold War alliances are slowly dissolving, explains Rajan Menon in The End of Alliances. The United States faces new challenges, and many of our European and Asian alliances have grown irrelevant. The United States will, and must, be actively involved beyond its borders – by relying on coalitions and contingent alignments whose membership will vary depending on the issue at hand. This shift from permanent to ad hoc security relationships will force our traditional allies to rethink their choices and create new patterns in global politics. Please join Professor Menon and a panel of distinguished commentators for a discussion of this important work that challenges the conventional wisdom on U.S. foreign policy.