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 Power: The Information Theory of Capitalism and How It Is Revolutionizing Our World
Featuring the author George Gilder; with comments by Arnold Kling, Author, Unchecked and Unbalanced: How the Discrepancy Between Knowledge and Power Caused the Financial Crisis and Threatens Democracy; moderated by James A. Dorn, Senior Fellow and Editor, Cato Journal.
George Gilder is the living author who was most quoted in President Reagan’s speeches. His books Wealth and Poverty (1981), Microcosm (1989), and Telecosm (2000) had a big impact on the way people looked at economics and technology. Now he’s back with a new analysis of capitalism that just might do the same thing. In Knowledge and Power, Gilder breaks away from the supply-side model of economics to present a new economic paradigm: the epic conflict between the knowledge of entrepreneurs on one side, and the blunt power of government on the other. The knowledge of entrepreneurs, and their freedom to share and use that knowledge, are the sparks that light up the economy and set its gears in motion. The power of government to regulate, stifle, manipulate, subsidize or suppress knowledge and ideas is the inertia that slows those gears down, or keeps them from turning at all. Steve Forbes calls Knowledge and Power “a book that will profoundly and positively reshape economics.” It should be of interest to economists, fiscal conservatives, business owners, investors, and anyone interested in propelling America’s economy to future success.