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.
Greed, Irresponsibility, or Policy Mistakes: What Caused the Recession?
Featuring Mark Calabria, Director of Financial Regulation Studies, Cato Institute and Steve H. Hanke, Senior Fellow, Cato Institute, and Professor, Applied Economics, and Co-Director, Institute for Applied Economics and the Study of Business Enterprise, The Johns Hopkins University.
The boom and bust of the housing and financial sectors raise the natural question: what happened? As economists, politicians, and the general public point their fingers or scratch their heads, this panel will look beyond populist bogeymen and currently dominant economic theories to examine the Austrian school of economics—based on the work of F. A. Hayek, Ludwig von Mises, and Carl Menger—and how its theory of business cycles offers a better basis for understanding financial crises and recessions.