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 the author, Richard A. Epstein, University of Chicago Law School; and comments by Michael Seidman, Georgetown University Law Center.
The Constitution was written and ratified to secure liberty through limited government. Central to its design were two principles: federalism and economic liberty. But at the beginning of the 20th century, Progressives began a frontal assault on those principles. Drawing on the new social sciences and a primitive understanding of economic relationships, their efforts reached fruition during the New Deal when the Constitution was essentially rewritten, without benefit of amendment. In a new Cato book, Richard Epstein traces this history, showing how Progressives replaced competitive markets with government-created cartels and monopolies. Please join us for a discussion of the roots of modern government in the Progressive Era.