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.
The Future of the Nuclear Nonproliferation Treaty (NPT): Prospects and Problems
Featuring Charles Peña, Director of Defense Policy Studies, Cato Institute and Doug Bandow, Senior Fellow, Cato Institute
The United States is a signatory to the Nuclear Nonproliferation Treaty, which will be subject to a review conference next month. For the arms-control community, the NPT is seen as the bulwark of successful efforts to halt the proliferation of nuclear weapons. But the NPT has two potentially fatal flaws. First, the NPT allows countries to develop uranium-enrichment capability as part of a peaceful nuclear power program; but such capability is the basis for developing nuclear weapons. Second, the premise of the NPT is that in exchange for the other nonnuclear signatories (currently 183 countries) giving up their nuclear aspirations, the five nuclear signatories agree to eventually dismantle their nuclear arsenals. The latter goal was probably never realistic. Moreover, a U.S. policy of preemptive regime change actually creates incentives for countries to acquire, not forswear, nuclear weapons. Our experts will discuss the prospects and problems facing the upcoming NPT review conference.