Featuring Alex Kozinski, Judge, U.S. Court of Appeals for the Ninth Circuit; and J. Harvie Wilkinson III, Judge, U.S. Court of Appeals for the Fourth Circuit; moderated by Tim Lynch, Director, Project on Criminal Justice, Cato Institute.
So many Americans are concerned with how “Washington isn’t listening to them,” and candidates like Bernie Sanders, Donald Trump, and Ben Carson are stoking that outrage. But maybe Washington isn’t listening because it is so big that only mobilized special interests have the resources and incentives to pay attention. Maybe big government will never really pay attention to the people. If this is so, then maybe people should stop trying to control each other so much.
American leaders have cooperated with regimes around the world that are, to varying degrees, repressive or corrupt. Such cooperation is said to serve the national interest. But these partnerships also contravene the nation’s commitments to democratic governance, civil liberties, and free markets. In Perilous Partners, authors Ted Galen Carpenter and Malou Innocent provide a strategy for resolving the ethical dilemmas between interests and values faced by Washington.
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.
Playing Monopoly with the Devil: Dollarization and Domestic Currencies in Developing Countries
Featuring the author, Manuel Hinds, former minister of finance of El Salvador; with comments by Steve Hanke, Professor of applied economics at Johns Hopkins University, and Senior Fellow, Cato Institute.
Poor countries should not forgo the benefits of dollarizing their economies in the name of having a currency they can call their own. Manuel Hinds, an architect of El Salvador’s dollarization, will challenge conventional thinking about monetary sovereignty and optimal currency areas. The sorry record of central banks in developing countries is not the only reason to favor the use of a hard currency. Without an internationally tradable currency, developing countries are walled off from the globalized financial system, thus raising the cost of business and increasing risk and uncertainty in the economy. Steve Hanke will discuss how the book’s insights relate to currency experiences in countries as diverse as Ecuador and Montenegro.