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.
Knowledge and Coordination: A Liberal Interpretation
Featuring the author Daniel B. Klein, Professor of Economics, George Mason University; with comments by Jason Kuznicki, Research Fellow, Cato Institute; moderated by Gene Healy, Vice President, Cato Institute.
Adam Smith denounced the folly and presumption of interventionists, and
Friedrich Hayek denounced their pretense of knowledge. Daniel B. Klein’s new book attempts to renew Smith and Hayek and go beyond. His talk will focus on the hubris of interventionism, arguing that such arrogance hangs on maneuvers in government and “expert” quarters that pretend to make things simpler than they are. In particular, he will explain how economists flatten knowledge down to information and thereby shortchange the case for liberty. A candid understanding of knowledge makes us more virtuous and more libertarian.