Featuring Tim Lynch, Director, Project on Criminal Justice, Cato Institute; Michael Tanner, Senior Fellow, Cato Institute; and Matthew Feeney, Policy Analyst, Cato Institute; moderated by Peter Russo, Director, Congressional Affairs, Cato Institute.
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.
Two long wars, chronic deficits, the financial crisis, the costly drug war, the growth of executive power under Presidents Bush and Obama, and the revelations about NSA abuses, have given rise to a growing libertarian movement in our country – with a greater focus on individual liberty and less government power. David Boaz’s newly released The Libertarian Mind is a comprehensive guide to the history, philosophy, and growth of the libertarian movement, with incisive analyses of today’s most pressing issues and policies.
Featuring Stephen I. Schwartz, Editor, Nonproliferation Review, James Martin Center for Nonproliferation Studies of the Monterey Institute of International Studies, and principal author, Nuclear Security Spending: Assessing Costs, Examining Priorities; and Christopher Preble, Director of Foreign Policy Studies, Cato Institute, and author, The Power Problem: How American Military Dominance Makes Us Less Safe, Less Prosperous, and Less Free.
The U.S. nuclear arsenal is enormous and expensive. Few Americans understand just how costly it is, however, because the program is one of the least transparent features of the massive federal budget. The most comprehensive study of nuclear weapons spending concluded that U.S. taxpayers spent at least $52.8 billion in fiscal year 2008 but estimated the actual top-line budget, which includes classified and intelligence-related activities, to be much higher. Do such expenditures keep us safe? Can better congressional oversight succeed in bringing down the high costs? Does U.S. security depend on a nuclear arsenal that contains more than 5,000 warheads? In advance of the Obama administration’s release of the nuclear posture review, please join Christopher Preble and Stephen Schwartz for a discussion of the costs and risks associated with the U.S. nuclear arsenal, and hear their proposals for alternative approaches to advancing U.S. security.