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.
Not Invited to the Party: How the Demopublicans Have Rigged the System and Left Independents Out in the Cold
Featuring the author, James T. Bennett, Professor of Economics, George Mason University; with comments by Theresa Amato, Author, Grand Illusion: The Myth of Voter Choice in a Two-Party Tyranny; and Hans A. von Spakovsky, Senior Legal Fellow, Heritage Foundation, and former member, Federal Election Commission. Moderated by John Samples, Director, Center for Representative Government, Cato Institute.
Free markets have few barriers to entry. Individuals and firms can offer new products or services to consumers, thereby fostering competition and choice. American elections, in contrast, are dominated by two parties. Not Invited to the Party synthesizes political science, economics, and history to demonstrate how the two-party system is the artificial creation of a network of laws, restrictions, and subsidies that favor the Democrats and Republicans and cripple potential challengers, depriving voters of truly vigorous political debate. Consequently, Americans are deprived of choices on election day and arguably, deprived of effective and accurate representation in Congress and the presidency. Please join us for a lively discussion of the political limits on electoral competition and reforms that might encourage a more active and responsive government.