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 John Allison, President and CEO, Cato Institute; Rep. Kevin Brady (TX-8), Chairman, Joint Economic Committee; and Norbert Michel, Research Fellow in Financial Regulations, Heritage Foundation; moderated by James A. Dorn, Vice President for Monetary Studies and Senior Fellow, 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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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.