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.
Medicaid and the Long-Term Care Crisis — Who Should Pay?
Featuring Stephen A. Moses, President, Center for Long-Term Care Reform, Inc.
(www.centerltc.org); Vincent J. Russo, Certified Elder Law Attorney, Past President, National Academy of Elder Law Attorneys
(www.russoelderlaw.com); with comments by Michael F. Cannon,
Director of Health Policy Studies, Cato Institute; and moderated by Marilyn Werber Serafini, Health Care Correspondent, National Journal.
Medicaid, the joint federal-state health care program created in 1965 for the poor, is imposing a growing burden on taxpayers. It has grown larger than Medicare, the federal health care program for the elderly, and already accounts for a larger share of state expenditures than elementary and secondary education. Part of that growth is due to many middle-income seniors using Medicaid to pay for nursing home expenses and other long-term care. Those seniors own assets that could cover such expenses for a period of time, either directly or by purchasing long-term care insurance. Should their assets be used to help Congress cut projected Medicaid expenditures? Please join us for a debate that could profoundly affect the future of Medicaid and long-term care.