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 Benn Steil, Co-author and Director of International Economics, Council on Foreign Relations; and Manuel Hinds, Co-author and Former Finance Minister of El Salvador. Moderated by
Ian Vásquez, Director, Center for Global Liberty and Prosperity, Cato Institute.
The current state of international economic relations is unusual and precarious. Benn Steil and Manuel Hinds will explain how protectionism has historically coincided with monetary nationalism, whereas eras of liberal trade have been accompanied by a universal monetary standard. But the situation today is prone to crisis, because an unprecedentedly liberal global trade regime exists alongside monetary nationalism of an extreme kind. According to the authors, national monies and globalization don’t mix. “If anything is likely to throw globalization into reverse, it is not trade itself, but the money that facilitates it.” Please join us to hear their prescient analysis and their views on the future of the dollar and the emergence of a global monetary standard.