Featuring Cato Institute Interns; and Heritage Foundation Interns; with an introduction by Mark Houser, Student Programs Coordinator, Cato Institute; moderated by Christopher Bedford, Senior Editor, Daily Caller.
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 not just a framework for utopia,” 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.
Let Failing African Governments Collapse: A Radical Solution to Underdevelopment
Featuring: Edward N. Luttwak, Senior Associate, Center for Strategic and International Studies; George Ayittey, Professor of Economics, American University; and Mauro De Lorenzo, Resident Fellow, American Enterprise Institute. Moderated by Marian Tupy, Policy Analyst, Cato Institute.
Many African states have been addicted to Western aid for decades. Unfortunately, Africa as a whole has stagnated and some African countries are poorer today then they were in the 1960s. In recent years, advocates of foreign aid have called for making aid more efficient, but that may be easier said than done. The problem, some critics argue, is that aid supports predatory governments and perpetuates institutions that are alien to Africa. The “modern” state, characterized by Western-style elections and bureaucracies, may be ill-suited to African conditions. Failing governments should be allowed to collapse and be replaced by institutions indigenous to Africa. Our panel will discuss the likely consequences of ending aid and consider subsequent institutional developments.