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 María Corina Machado, President, Súmate. Moderated by Ian Vásquez, Director, Center for Global Liberty and Prosperity, Cato Institute.
Venezuelan President Hugo Chávez has used the trappings of democracy to consolidate authoritarian rule and obscure violations of due process, civil liberties, and other human rights. Defenders of the regime overlook those abuses, citing the government’s extensive programs to help the poor. Yet, María Corina Machado will explain that after having received more than $800 billion in oil and non-oil revenue during his 10 years in power, Chávez’s social policies have little to show for themselves. Most indicators show that poor peoples’ standard of living has worsened or has fallen far short of improvements that would be consistent with the economic boom that has accompanied Chávez’s rule. Other indicators—including those related to corruption, crime, and governance—show a clear deterioration. Join us to hear the president of one of Venezuela’s leading pro-democracy NGOs describe the real effects of populism on the poor.