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.
Identity Crisis: How Identification Is Overused and Misunderstood
Featuring the author Jim Harper,
Director of Information Policy Studies,
Cato Institute; with comments by
Director and Senior Fellow, Technology and Public Policy Program
Center for Strategic and International Studies; and Jay Stanley,
Public Education Director, Technology and Liberty Project
American Civil Liberties Union.
Identification is an essential social and economic process, but the advance of identification technologies such as biometrics, identity cards, surveillance, databases, and dossiers threatens privacy, civil liberties, and related human interests. Since September 11, 2001, identification has been advanced as a national security tool, most conspicuously in the REAL ID Act, which calls for states to issue nationally uniform drivers’ licenses and ID cards by May 2008. But state legislators and the American people are chafing at what may be an $11 billion, unfunded surveillance mandate, and legislation to repeal REAL ID has already been introduced. In Identity Crisis Jim Harper argues that identification does not provide the security often assumed, and the overuse of identification harms Americans’ interests in a variety of ways. The solution is to replace the uniform national identity system being advanced by the REAL ID Act with a diverse, competitive identification and credentialing marketplace. Please join us for a lively discussion with distinguished commentators.