On March 23, President Barack Obama signed one of the most sweeping pieces of social legislation in American history. The new health care law would require nearly all Americans to purchase health insurance or face fines and possible jail time. The U.S. Constitution grants Congress the power to regulate interstate commerce, but does that mean that Congress can compel Americans to engage in specific commercial transactions? Several states and other plaintiffs have filed suit against this “individual mandate.” How will those cases fare?
Featuring Dan Ikenson, Director, Herbert A. Stiefel Center for Trade Policy Studies, Cato Institute; Simon Lester, Policy Analyst, Herbert A. Stiefel Center for Trade Policy Studies, Cato Institute; Daniel Pearson, Senior Fellow, Herbert A. Stiefel Center for Trade Policy Studies, Cato Institute; and Bill Watson, Policy Analyst, Herbert A. Stiefel Center for Trade Policy Studies, 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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If the government wants to turn rails into trails, they can pay for the land, just like anyone else.
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.