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.
Mad about Trade: Why Main Street America Should Embrace Globalization
Featuring the author, Daniel Griswold, Director, Center for Trade Policy Studies, Cato Institute; with comments by Steven Pearlstein, Business and economy columnist, The Washington Post. Moderated by Daniel J. Ikenson, Associate Director, Center for Trade Policy Studies, Cato Institute.
Politicians and pundits can rage against free trade and globalization, but much of what they convey is myth. Mad about Trade is the much-needed antidote to a rising tide of protectionist sentiment in the United States. It details the benefits of free trade and globalization for middle-class “Main Street” Americans exposed to a barrage of negative claims from politicians and commentators. Griswold shows how middle- and low-income families benefit from import competition, and how a more globalized U.S. economy has created better jobs and higher living standards for American workers through the ups and downs of the business cycle. Mad about Trade tells the under-reported story of how a more open economy has made America stronger and spread our influence in an increasingly integrated world that has become more wealthy, democratic, and peaceful. And it exposes the scandal of how politicians conspire with producers to use trade barriers to stifle competition and raise prices.