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.
The American pika (Ochotona princeps) is an insanely cute critter often found in above-timberline rock fields in the western U.S. Because they often live near mountain peaks, there’s been concern that global warming could push them over the top, to extinction.
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 Goodman, President, National Center for Policy Analysis; and Laurence J. Kotlikoff, Professor of Economics, Boston University, and Senior Fellow, National Center for Policy Analysis. With comments by
William Poole, Senior Fellow, Cato Institute, and Former President, Federal Reserve Bank of St. Louis. Moderated by
William A. Niskanen, Chairman Emeritus and Distinguished Senior Economist, Cato Institute.
The Obama administration is expected to propose a comprehensive reform of the American financial system some time in June. Goodman and Kotlikoff find the administration’s financial strategy — fighting each financial fire one by one and rebuilding the old system pretty much as it was — deeply misguided. It treats the symptoms, not the disease, and will leave us financially and fiscally weaker. It is more important to offer a solution based on a simple principle: no one should be able to gamble with other people’s money, including the taxpayers’ money, without their consent.