Featuring Amir A. Nasr, Author, My Isl@m: How Fundamentalism Stole My Mind—and Doubt Freed My Soul (St. Martin’s Press, 2013); with comments by Suad Ad., Researcher, Arab Center for Scientific Research and Humane Studies, Morocco; moderated by Ian Vasquez, Director, Center for Global Liberty and Prosperity, Cato Institute.
American leaders have cooperated with regimes around the world that are, to varying degrees, repressive or corrupt. Such cooperation is said to serve the national interest. But these partnerships also contravene the nation’s commitments to democratic governance, civil liberties, and free markets. In Perilous Partners, authors Ted Galen Carpenter and Malou Innocent provide a strategy for resolving the ethical dilemmas between interests and values faced by Washington.
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.
Financial Fiasco: How America’s Infatuation with Home Ownership and Easy Money Created the Economic Crisis
Featuring Johan Norberg, Senior Fellow, Cato Institute; with comments by Dr. Anthony Sanders, Distinguished Professor of Real Estate Finance, George Mason University; and Dawn Kopecki, Reporter, Bloomberg News.
How was it possible that in a world where thousands of people regulated financial markets the whole system crashed down? And should we now give more power to central banks, government agencies, politicians, and regulators? Isn’t that what brought us here in the first place? Financial Fiasco digs deep into the foundation of the economic meltdown, revealing how it was the product of conscious actions by decisionmakers in companies, government agencies, and political institutions, and by consumers. Financial Fiasco tells the compelling story of how rate-cutting by the Federal Reserve inflated the real estate market and fueled increased risk-taking in the financial markets; how new government policies to promote home ownership blasted air into the credit bubble; how new financial instruments, credit-rating requirements, and accounting rules intended to prevent cheating backfired; and much more. Financial Fiasco guides readers through a world of irresponsible behavior, warns that many of the “solutions” being implemented are repeating the mistakes that caused the crisis, and offers guidance on how to move forward.