Featuring William P. Ruger, Vice President of Policy and Research, Charles Koch Institute; Jason Sorens, Lecturer, Department of Government, Dartmouth College; moderated by Peter Russo, Director of Congressional Affairs, Cato Institute.
Unconventional monetary policy—characterized by “zero interest rate policy” (ZIRP) and “quantitative easing” (QE), along with macro-prudential regulation—has increased the power of central banks in the United States, Japan, and Europe. In the new issue of Cato Journal, contributors revisit the thinking behind unconventional monetary policy and the “new monetary framework,” make the case for transparent monetary rules versus foggy discretion, and point to the distortions generated by ultra-low interest rates and preferential credit allocation.
When the Danish newspaper Jyllands-Posten published the cartoons of the prophet Muhammad in 2005, Denmark found itself at the center of a global battle about the freedom of speech. The paper’s culture editor, Flemming Rose, defended the decision to print the 12 drawings, and he quickly came to play a central part in the debate about the limitations to freedom of speech in the 21st century. In The Tyranny of Silence, Flemming Rose provides a personal account of an event that has shaped the debate about what it means to be a citizen in a democracy and how to coexist in a world that is increasingly multicultural, multireligious, and multiethnic.
The Cato Institute has released its 2015 Annual Report, which documents a dynamic year of growth and productivity. The thousands of individuals who contribute to Cato are passionate about freedom and committed to ensuring that future generations enjoy the blessings of liberty, unencumbered by an overreaching state that seeks to control their lives. This is Cato’s optimistic vision for the future, and it would be unimaginable without the Institute’s longstanding partnership with its Sponsors. We will continue our diligence and dedication to seeing this vision realized.
Featuring the author Brian Tamanaha, William Gardiner Hammond Professor of Law and Israel Treiman Faculty Fellow, Washington University Law School; with comments by Neal McCluskey, Associate Director, Center for Educational Freedom, Cato Institute; and Paul Campos, Professor of Law, University of Colorado at Boulder and Author, Don’t Go To Law School (Unless); moderated by Walter Olson, Senior Fellow, Cato Institute and Author, Schools for Misrule: Legal Academia and an Overlawyered America.
For decades, American law schools enjoyed one of the world’s great winning streaks. Amid swelling enrollments and what seemed an insatiable demand for new lawyers, they went on a spree of expansion; even as tuitions soared, the schools basked in an air of public-interest rectitude symbolized by Yale law dean Harold Koh’s description of his institution as a “Republic of Conscience.” Then came the Great Recession—and a great reckoning. New graduates were unable to find decently paying legal jobs even as they staggered under enormous debt burdens; it became impossible to ignore long-standing complaints from the world of legal practice that the law curriculum does not train students well in much of what lawyers do; and creative efforts to reduce the cost of law school were stymied by an accreditation process that closely constrains the format of legal education.
In Failing Law Schools, one of the most talked-of books in years about higher education, Brian Tamanaha of Washington University has written a devastating critique of what went wrong with the American law school and what can be done to fix it. None of the key contributors to the problem—faculty self-interest, university administrators’ myopia, cartel-like accreditation—escape unscathed in his analysis. Please join us for a luncheon on January 16 at which Tamanaha will discuss his book.