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 Christopher Preble, Director of Foreign Policy Studies, Cato Institute, and Benjamin H. Friedman, Research Fellow in Defense and Homeland Security Studies, Cato Institute.
Foreign policy analysts are misreading the lessons of Iraq. The emerging conventional wisdom holds that success could have been achieved in Iraq with more troops, more cooperation among U.S. government agencies, and better counterinsurgency doctrine. Yet the Bush administration’s failures and errors in judgment did not derive from poor planning, but from flawed assumptions about the nature of Iraqi society. The difficulties in Iraq demonstrate the need for a new national security strategy and a newfound appreciation for the limits of power, not simply better tactics and tools. By insisting that Iraq was ours to remake were it not for the administration’s mismanagement, U.S. policy makers risk repeating these mistakes. Please join Cato scholars Christopher Preble and Benjamin H. Friedman for a discussion of these issues, which they and co-author Harvey Sapolsky also explore in the recent policy analysis, “Learning the Right Lessons from Iraq.”