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.
Featuring: Joseph Caggiano, Senior Consultant, Chevron Energy Technology Company; David K. Bellman, Director of Fundamental Analysis, Corporate Planning and Budgeting, American Electric Power; and Richard Gordon, Professor Emeritus of Mineral Economics, Pennsylvania State University.
Last summer, the National Petroleum Council issued a report titled “Facing the Hard Truths about Energy.” The 380-page study, which was put together under the direction of former ExxonMobil CEO Lee Raymond, included the work of 350 contributors (two-thirds of whom came from outside the oil and gas field) who availed themselves of the expertise of more than 1,000 third parties involved in the energy sector. The findings? If the world is going to meet the energy demands of 2030, it will require Herculean efforts from both private and public actors. How realistic is the study’s assessment of the future? How reliable is the policy blueprint being forwarded? Joseph Caggiano and David Bellman–both of whom helped put the report together–will discuss the study’s findings, and Richard Gordon–winner of an outstanding lifetime achievement award from the International Association for Energy Economics (1992)-will provide an independent assessment.