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 Christopher Preble, Vice President for Defense and Foreign Policy Studies, Cato Institute; Russell Rumbaugh, Director, Budgeting for Foreign Affairs and Defense Program, Stimson Center; Laura Peterson, Senior Policy Analyst, Taxpayers for Common Sense; moderated by Laura Odato, Manager of Government Affairs, Cato Institute.
The Obama administration plans to spend $7.6 billion in the coming year on nuclear weapons, but that does not reflect the full cost of maintaining and operating the nation’s nuclear arsenal. There is additional spending for nuclear nonproliferation and for nuclear reactors. And the military spends many billions more on multiple delivery platforms: bombers, missiles, and submarines. How much of this spending is necessary for U.S. national security? Could the United States maintain a credible deterrent with a smaller, less expensive force? Join us for a discussion with national security and budget experts who will discuss nuclear-weapons spending in the current budget and explore plans for the nation’s nuclear arsenal.
The Cato Institute gratefully acknowledges the support of the Ploughshares Fund in helping make this event possible.