Featuring A. Trevor Thrall, Associate Professor, School of Policy, Government, and International Affairs, George Mason University; and Erik Goepner, Doctoral student in public policy, George Mason University; with comments by Betsy Woodruff, Politics Reporter, The Daily Beast; Emily Ekins, Research Fellow, Cato Institute; and Aaron Schumacher, Director, International, Foreign Policy Group, and Senior Vice President, Young Professionals in Foreign Policy; moderated by Christopher Preble, Vice President for Defense and Foreign Policy Studies, Cato Institute.
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 not just a framework for utopia,” 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.
Human Capitalism: How Economic Growth Has Made Us Smarter — and More Unequal
Featuring the author Brink Lindsey, Senior Fellow, Cato Institute; with comments by Reihan Salam, Policy Advisor at Economics 21, Columnist for Reuters Opinion, and Contributing Editor at National Review Online; moderated by David Boaz, Executive Vice President, Cato Institute.
The rise of economic inequality over the past generation has become a hot-button issue. In this e-book Cato senior fellow Brink Lindsey offers a fresh new interpretation of the growing class divide along educational lines. The good news, he argues, is that modern economic growth has made us smarter. Growth breeds social complexity, complexity imposes increasingly heavy demands on our mental capabilities, and people respond by investing heavily in “human capital” — that is, valuable knowledge and skills. In recent decades, however, the connection between economic development and cognitive development has broken down for large segments of American society. The demand for human capital has continued to grow, but the supply has stalled. Lindsey explores the cultural roots of this problem and offers policy prescriptions for reviving broad-based human capital accumulation.