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 European Crisis Continues: No Solution on the Horizon
Featuring Václav Klaus, President, Czech Republic (until March 7, 2013), Distinguished Senior Fellow, Cato Institute; with comments by Uri Dadush, Senior Associate and Director, International Economics Program, Carnegie Endowment for International Peace; moderated by Roger Pilon, Vice President for Legal Affairs, Director, Center for Constitutional Studies, Cato Institute.
As the European Crisis continues, with no solution in sight, it is becoming increasingly clear to many that the problems are deep and structural. Stagnant growth, persistent unemployment, and public dissatisfaction are threatening the very premises of the European project. Although some believe that “an ever-closer Europe” is the solution, others argue that the current crisis is no accident; it is the natural result of naïve and excessively optimistic expectations concerning the economic benefits of integration and centralization. Professor Václav Klaus, former Czech minister of finance and prime minister, and now distinguished senior fellow at the Cato Institute, will address these pressing questions during his first visit to Washington just days after stepping down from his second term as president. Please join us for what should be a most interesting discussion.