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 Transformation into a Modern Market Democracy
Featuring Kakha Bendukidze, Head of the State Chancellery, Georgia, with comments by Andrei Illarionov, Senior Fellow, Cato Institute, and Former Economic Adviser to Russia’s President Vladimir Putin. Moderated by Ian Vásquez, Cato Institute.
Following the Rose Revolution of 2003, the former Soviet Republic of Georgia began far-reaching reforms in governance and economic policy that are turning the country into a post-socialist success story. Georgia now ranks 44th out of 141 countries on the Economic Freedom of the World index, is cited by the World Bank as one of the world’s leading reformers, and is sustaining economic growth of more than 9 percent per year. Kakha Bendukidze, one of Georgia’s key reformers, will explain how his country is rapidly modernizing and will share his vision for continued high growth in a sometimes hostile neighborhood. Andrei Illarionov will assess Georgia’s progress and highlight its remaining challenges in consolidating democratic capitalism.