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.
How Safe Are We? Balancing Risks, Benefits, and Costs
Featuring John Mueller, Senior Fellow, Cato Institute, Senior Research Scientist, Mershon Center, Ohio State University; and Mark G. Stewart, Visiting Fellow, Cato Institute, Professor of Civil Engineering, University of Newcastle, Australia; moderated by Laura Odato, Director of Government Affairs, Cato Institute.
Join us for a non-technical primer on risk and cost-benefit analysis with applications to policies ranging from homeland security to climate change. Our panel will consider key issues as probability neglect, cost neglect, and acceptable risk. In general, the place to begin is not with the perennial question, “Are we safer?” but rather with the rarely asked, “How safe are we?” Increases in domestic homeland security spending since 9/11 exceed $1 trillion. How many post-9/11 security programs reduce risk enough to justify their cost? Panelists John Mueller and Mark Stewart are the authors of Terror, Security, and Money (Oxford University Press, 2011).