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 Swaminathan Aiyar, Research Fellow, Center for Global Liberty and Prosperity, Cato Institute; Surjit Bhalla, Managing Director, Oxus Research and Investments; and Arvind Panagariya, Jagdish Bhagwati Professor of Indian Political Economy, Columbia University; moderated by Ian Vasquez, Director, Center for Global Liberty and Prosperity, Cato Institute.
Twenty years ago this summer, India introduced major economic reforms that have led to sustained high growth, reductions in mass poverty, and an ongoing transformation of Indian society. Swaminathan Aiyar will describe the key reforms and why they were politically possible. Surjit Bhalla, one of the world’s leading experts on growth and poverty, will discuss the social impact of liberalization, including the dramatic rise of the middle class. Arvind Panagariya will stress the need for further modernization and highlight pressing items on India’s unfinished reform agenda. All three speakers will assess the probability of future high growth and reform.