Naval shipbuilding is under close scrutiny as military spending starts to decline. At the same time, the U.S. Navy is altering the composition of its surface combatant fleet — eliminating cruisers, building more complex destroyers, and introducing a new class of small surface combatants — the littoral combat ship. What effects will these changes have on the future of the surface fleet? Will the mix of cruisers, destroyers, and littoral combat ships planned by the Navy be adequate to fulfill its missions? A recent report on the first littoral combat ship (LCS-1) raised some serious questions about the ship’s range and durability. Others have noted the LCS’s high cost relative to acceptable alternative platforms. Given that the LCS is supposed to constitute a third of the surface combatant fleet by the late 2020s, is it time to consider other options? The role of the LCS may also need rethinking. What possible alternative mission sets and force structures might be appropriate, given the likely security environment? Please join us as our expert panel discusses the future of the U.S. Navy’s surface fleet.
Featuring John Allison, President and CEO, Cato Institute; Rep. Kevin Brady (TX-8), Chairman, Joint Economic Committee; and Norbert Michel, Research Fellow in Financial Regulations, Heritage Foundation; moderated by James A. Dorn, Vice President for Monetary Studies and Senior Fellow, Cato Institute.
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The 2008-2009 financial crisis and Great Recession have vastly increased the power and scope of the Federal Reserve, and radically changed the financial landscape. This new ebook examines those changes and considers how the links between money, markets, and government may evolve in the future.