Featuring William P. Ruger, Vice President of Policy and Research, Charles Koch Institute; Jason Sorens, Lecturer, Department of Government, Dartmouth College; moderated by Peter Russo, Director of Congressional Affairs, Cato Institute.
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.
Having a high rate with a Hong Kong-designed corporate tax structure would be bad enough, but we have something far worse: a high rate with what could be considered a French-design corporate tax structure.
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 David Dollar, World Bank; and Mark Weisbrot, Center for Economic and Policy Research.
Has the wave of globalization that began some 20 years ago spurred growth and reduced world poverty? Mark Weisbrot will explain why he thinks that global economic integration has been disruptive to developing countries and left most poor countries behind. He will argue that growth has slowed in the post-1980 period, and the poor have frequently not shared in the gains from economic expansion. David Dollar will explain why globalization has increased growth and reduced poverty in countries that have chosen to integrate in the world economy without increasing inequality within those countries. Because globalizing countries are catching up to rich countries, he will argue, the centuries-long rise in global inequality has ended and may even be reversing itself. Please join us as both speakers try to sort out facts and misperceptions in the debate about globalization.