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.
The End Is Near and It’s Going to Be Awesome: How Going Broke Will Leave America Richer, Happier, and More Secure
In his new book, The End Is Near and It’s Going to Be Awesome, Kevin D. Williamson examines the crisis of the modern welfare state and demonstrates that the crucial political failures of our time, from education to health care, are the direct result of government monopolies providing and regulating these services. Entitlement programs have promised far more than they can deliver, and slow moving bureaucracies have stifled innovation and efficiency in attempts to deliver on these failed promises. There is, however, a light at the end of the tunnel, as millions of Americans reject the status quo and turn to their own ingenuity to create successful market-derived alternatives to these government monopolies. Please join Kevin Williamson and Cato Institute senior fellow Michael Tanner for an examination of the current state of U.S. entitlement programs and a lively discussion of how the free-market responds when the government fails.