Featuring William P. Ruger, Vice President of Policy and Research, Charles Koch Institute; Jason Sorens, Lecturer, Department of Government, Dartmouth College; moderated by Peter Russo, Director of Congressional Affairs, Cato Institute.
Unconventional monetary policy—characterized by “zero interest rate policy” (ZIRP) and “quantitative easing” (QE), along with macro-prudential regulation—has increased the power of central banks in the United States, Japan, and Europe. In the new issue of Cato Journal, contributors revisit the thinking behind unconventional monetary policy and the “new monetary framework,” make the case for transparent monetary rules versus foggy discretion, and point to the distortions generated by ultra-low interest rates and preferential credit allocation.
Under the umbrella of global economic growth, cultivating opportunities for trade and investment will become a major priority for G20 states, and three global powers—the U.S., China and Russia—are each developing their own multinational trade route projects.
When the Danish newspaper Jyllands-Posten published the cartoons of the prophet Muhammad in 2005, Denmark found itself at the center of a global battle about the freedom of speech. The paper’s culture editor, Flemming Rose, defended the decision to print the 12 drawings, and he quickly came to play a central part in the debate about the limitations to freedom of speech in the 21st century. In The Tyranny of Silence, Flemming Rose provides a personal account of an event that has shaped the debate about what it means to be a citizen in a democracy and how to coexist in a world that is increasingly multicultural, multireligious, and multiethnic.
The Cato Institute has released its 2015 Annual Report, which documents a dynamic year of growth and productivity. The thousands of individuals who contribute to Cato are passionate about freedom and committed to ensuring that future generations enjoy the blessings of liberty, unencumbered by an overreaching state that seeks to control their lives. This is Cato’s optimistic vision for the future, and it would be unimaginable without the Institute’s longstanding partnership with its Sponsors. We will continue our diligence and dedication to seeing this vision realized.
Lawless: The Obama Administration’s Unprecedented Assault on the Constitution and the Rule of Law
Featuring the author David E. Bernstein, Author, Lawless, and Professor, George Mason University School of Law; with comments by Ilya Shapiro, Senior Fellow, Constitutional Studies, Cato Institute; and Simon Lazarus, Senior Counsel, Constitutional Accountability Center; moderated by Roger Pilon, Vice President, Legal Affairs, Cato Institute.
During his first presidential run, Barack Obama repeatedly promised to roll back the imperial presidency that had grown inexorably over the past half century. Then he was elected. Since 2009 Obama has claimed unprecedented power for himself while advancing a novel argument about his duty as president to ignore the separation of powers and act unilaterally to overcome congressional gridlock. “We can’t wait,” has been his refrain — though he has, of course, been unable to cite a “presidential power when Congress won’t act” clause in the Constitution in defense of his actions. In Lawless, George Mason University law professor David Bernstein takes readers on a whirlwind tour through the Obama administration’s bureaucratic overreaching; dubious assertion of executive authority over both foreign and domestic policy; unilateral changes, modifications, and delays to existing law; and implausible interpretations of constitutional law. Obama’s defenders, however, claim that he has actually been restrained compared to his predecessors and that claims of rampant illegality amount to not much more than partisan sniping. Who’s right? To help us untangle the legal web, the author of this provocative new book will be joined by Ilya Shapiro and Simon Lazarus.