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.
National Curriculum Standards or Local Control: The Arguments and the Evidence
The No Child Left Behind Act has created perverse incentives for states, encouraging them to adopt low educational standards lest they jeopardize federal funds and risk other punishments. To put an end to states’ dumbing down their standards, many people — including President Obama — are calling for national curriculum standards, a uniform measure that would make it difficult for states to hide their failures. While national standards may seem innocuous, many important questions go unanswered — indeed, even unasked. Why would they withstand special-interest pressure any better than state standards? What does the research reveal about the effectiveness of national standards where they exist? Would it be constitutional for the federal government to impose a single curriculum nationwide? And are there better ways to improve school quality? Please join Congressman Rob Bishop and Cato’s Neal McCluskey to discuss national curriculum standards, educational quality, and federalism.