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 of Overkill? Reassessing U.S. Nuclear Weapons Policy
Featuring Benjamin Friedman, Research Fellow in Defense and Homeland Security Policy, Cato Institute; Elbridge Colby, Center for Naval Analyses; Hans M. Kristensen, Director of the Nuclear Information Project, Federation of American Scientists; and Matt Fay, PhD Program, Temple University History Department; moderated by Christopher Preble, Vice President for Defense and Foreign Policy Studies, Cato Institute.
President Obama recently voiced his ambition to reduce the U.S. nuclear arsenal to as few as 1,000 deployed warheads. Yet while the United States has cut the arsenal’s size greatly since the Cold War’s end, its missions and composition have barely changed. Around 1,600 deployed nuclear weapons remain tied to a triad of systems — bombers, intercontinental ballistic missiles, and submarine-launched ballistic missiles — that are designed for preemptive strikes against enemy arsenals. Current plans call for modernizing all three systems, which could cost taxpayers over $100 billion. A new Cato White Paper — The End of Overkill? Reassessing U.S. Nuclear Weapons Policy — argues for getting rid of the triad by basing U.S. nuclear weapons exclusively on submarines. It explains how the triad came from bureaucratic compromises, not strategic necessity; punctures the myths that sustained it; and shows how its burden on taxpayers is increasingly unjustified.
Please join us for a discussion of these issues at a forum featuring the paper’s authors and two leading experts on U.S. nuclear policy.