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 John Fox, Historian, Federal Bureau of Investigation, Athan Theoharis, Marquette University and author of The FBI & American Democracy, and John F. Kelly, Investigative Reporter and author of Tainting Evidence: Inside the Scandals at the FBI Lab. Moderated by Tim Lynch, Cato Institute.
In 1908, the Justice Department created the Bureau of Investigation, a small division of detectives that was responsible for investigating violations of federal law. The division was filled with incompetent and corrupt agents until a young bureaucrat by the name of J. Edgar Hoover was brought in to clean house. Hoover reorganized the division and renamed it the Federal Bureau of Investigation, and he served as its director for nearly 50 years. As the federal government expanded over the years, so did the power of the Bureau. Today, the FBI employs more than twenty thousand people and spends approximately $6.5 billion per year. As the Bureau turns 100, it is an appropriate time to review its history, both good and bad, and to discuss its future.