With deficits, debt, and budget battles dominating our politics for the foreseeable future, and much of the debate centering on what to do about the entitlements that are consuming ever-greater portions of the federal budget, more questions are arising about the social contract, the nation’s first principles, and the moral issues that are just below the surface in the budget battles. Amitai Etzioni, for example, wrote recently in Dissent that many of the cuts being proposed for our social safety nets are “highly immoral” since there are numerous ways in which they can be avoided. More recently still, Roger Pilon argued in the Wall Street Journal that the federal budget itself is infused with immoral provisions that not only are unconstitutional but have brought on these deficits and debt. Please join us for what should be a lively debate over contrasting visions of where we go from here.
Featuring John Allison, President and CEO, Cato Institute; Rep. Kevin Brady (TX-8), Chairman, Joint Economic Committee; and Norbert Michel, Research Fellow in Financial Regulations, Heritage Foundation; moderated by James A. Dorn, Vice President for Monetary Studies and Senior Fellow, Cato Institute.
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In this issue of the Cato Journal, economists Geoffrey Black, D. Allen Dalton, Samia Islam, and Aaron Batteen offer one prominent example of allowing the market to work. Also in this issue, economists Jason E. Taylor and Jerry L. Taylor reexamine the relationship between marginal tax rates and U.S. growth, and Robert Krol looks at bias in CBO and OMB economic forecasts.
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The 2008-2009 financial crisis and Great Recession have vastly increased the power and scope of the Federal Reserve, and radically changed the financial landscape. This new ebook examines those changes and considers how the links between money, markets, and government may evolve in the future.