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 Michele Boldrin, University of Minnesota with comments by John Rust, University of Maryland and moderated by Jagadeesh Gokhale, Cato Institute
The Social Security debate is focused on mundane financial issues: transition costs, benefit adequacy, the value of the Social Security Trust Fund, and so on. The program’s long-term impact on individual economic choices is much more important but generally neglected. Completely unheard in the debate, however, is the program’s potential to affect fundamental choices about family formation. A new study by Michele Boldrin and colleagues examines the link between government-provided old-age pensions and the continual dramatic reduction in fertility throughout the developed world during the twentieth century. Its compelling evidence suggests an issue that deserves serious attention as policymakers consider the future of Social Security.