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.
Inflated: How Money and Debt Built the American Dream
Featuring the author Christopher Whalen, Institutional Risk Analytics; with comments by Dean Baker, Center for Economic and Policy Research; and Alex Pollock, American Enterprise Institute; moderated by Mark Calabria, Cato Institute.
Americans view themselves as reasonably prudent and sober people when it comes to matters of money. Yet as a community, we also seem to believe that we are entitled to a lifestyle that is well beyond our income, a tendency that goes back to the earliest days of the United States and particularly to get-rich-quick experiences ranging from the Gold Rush of the 1840s to the real-estate bubble of the early 21st century. Inflated examines this apparent conflict, as it seeks to tell the story of money inflation and public debt as recurring features of American life. Inflated also draws on the insights of Austrian business-cycle theory in painting its picture of American economic history.