Unconventional monetary policy—characterized by “zero interest rate policy” (ZIRP) and “quantitative easing” (QE), along with macro-prudential regulation—has increased the power of central banks in the United States, Japan, and Europe. In the new issue of Cato Journal, contributors revisit the thinking behind unconventional monetary policy and the “new monetary framework,” make the case for transparent monetary rules versus foggy discretion, and point to the distortions generated by ultra-low interest rates and preferential credit allocation.
Contrary to popular claims, it’s perfectly sensible to vote for third-party candidates, and it’s not sensible to vote for a major-party candidate in the hope of keeping the other major party from winning.
When the Danish newspaper Jyllands-Posten published the cartoons of the prophet Muhammad in 2005, Denmark found itself at the center of a global battle about the freedom of speech. The paper’s culture editor, Flemming Rose, defended the decision to print the 12 drawings, and he quickly came to play a central part in the debate about the limitations to freedom of speech in the 21st century. In The Tyranny of Silence, Flemming Rose provides a personal account of an event that has shaped the debate about what it means to be a citizen in a democracy and how to coexist in a world that is increasingly multicultural, multireligious, and multiethnic.
The Cato Institute has released its 2015 Annual Report, which documents a dynamic year of growth and productivity. The thousands of individuals who contribute to Cato are passionate about freedom and committed to ensuring that future generations enjoy the blessings of liberty, unencumbered by an overreaching state that seeks to control their lives. This is Cato’s optimistic vision for the future, and it would be unimaginable without the Institute’s longstanding partnership with its Sponsors. We will continue our diligence and dedication to seeing this vision realized.
Featuring Neal McCluskey, Associate Director, Center for Educational Freedom, Cato Institute; and Lindsey Burke, Education Policy Analyst, Heritage Foundation; moderated by Laura Renz, Government Affairs Manager, Cato Institute.
The No Child Left Behind Act (NCLB) is long overdue for reauthorization, and pressure is mounting to get it done before NCLB labels the vast majority of our schools as failures. But there’s much that must happen to fix NCLB, and to get federal-education policy overall working as it should. Neal McCluskey, associate director of Cato’s Center for Educational Freedom, and Lindsey Burke, education policy analyst at the Heritage Foundation, will provide a detailed overview of what Washington can and can’t do in education, and will discuss competing proposals for reauthorizing this very intrusive — and troubled — law.