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 Bruce J. Caldwell, Author, Hayek’s Challenge: An Intellectual Biography of F. A. Hayek (Chicago, 2003); and Lanny Ebenstein, Author, Hayek’s Journey: The Mind of Friedrich Hayek (Palgrave, 2003); with comments by Dick Armey, Former professor of economics, former House majority leader, and cochairman, Citizens for a Sound Economy.
“It is hardly an exaggeration to refer to the 20th century as the Hayek century,” John Cassidy wrote in the New Yorker. Confirming Hayek’s stature, two new books from major publishers explore the development of his thought. Biographer Alan Ebenstein discusses Hayek’s Austrian roots and his relationship to such thinkers as Mill, Marx, Keynes, and Popper. Bruce Caldwell, editor of The Collected Works of F. A. Hayek traces the complex evolution of Hayek’s thought—and the evolution of Austrian economics—and places Hayek in a broader intellectual context. His book has been called “the best book in economics of 2003.” Please join us for a discussion of one of the most influential thinkers of the 20th century.