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.
Global Crossings: Immigration, Civilization, and America
Featuring the author Alvaro Vargas Llosa, Senior Fellow, The Center on Global Prosperity, Independent Institute; with comments by Alex Nowrasteh, Immigration Policy Analyst, Cato Institute; moderated by Ian Vásquez, Director, Center For Global Liberty And Prosperity, Cato Institute.
Why do millions of people continue to risk their lives, sometimes losing them, in the pursuit of a chance to establish themselves in a foreign land? Alvaro Vargas Llosa will describe who immigrants are and why they move, and he will compare the immigrant experience today to that of previous eras, identifying far more similarities than differences. By reviewing such topics as religion, education, entrepreneurial spirit, and attitudes toward the receiving society, Mr. Vargas Llosa will assess whether critics are justified in pointing to a major cultural shift. Taking into account economic factors, including the role of the welfare state, the author will outline a pro-immigration agenda for the United States and other rich countries that minimizes costs and harnesses the benefits of globalization.