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.
Georgia’s Liberal Institutions In the Wake of War and the Global Economic Crisis
Featuring David Bakradze, Speaker of the Georgian Parliament; Kakha Bendukidze, Former Minister of the Economy and Reform Coordination, Georgia;
and Andrei Illarionov, Senior Fellow, Center for Global Liberty and Prosperity, Cato Institute;
Since the Rose Revolution of 2003, Georgia has implemented perhaps the most ambitious economic reform program of all formerly socialist countries. Years of high growth have been transforming it into an economic success story. But beginning last year the country suffered a war with Russia, partial occupation and secession of part of its territory, and the effects of the global economic crisis. Kakha Bendukidze will explain the economic policies that Georgia is undertaking to confront that adversity. David Bakradze will discuss the country’s move toward greater democratization, including in the areas of free speech and a greater role for parliament in national decision making and presidential accountability.