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.
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.
The Grand Old Spending Party: How President Bush and the Republican Congress Became Some of the Biggest Spenders in History
Featuring Senator Tom Coburn, M.D.
(R-Oklahoma); Stephen Slivinski, Director of Budget Studies, Cato Institute; and Veronique DeRugy, Research Fellow, American Enterprise Institute
The zeal to cut government spending seems to be absent from the Republican Congress these days. The same members who were swept into office on the promise of making government smaller have presided over the largest spending increases since Lyndon Johnson. President Bush has assisted this growth by not vetoing a single bill in his first term and by proposing increases in the federal budget for various pet programs. Does Bush’s new budget reverse the trend, or is it simply more of the same? Please join us for a discussion of how the Republican budget revolution went astray and what can be done to get it back on track.