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.
Progressive Price Indexing for Social Security: What It Is, What It Isn’t
Featuring Robert Pozen, Chairman, MFS Investment Management, Member, President’s Commission to Strengthen Social Security; Jason Furman, Adjunct Professor, New York University; David John, Research Fellow, Thomas A. Roe Institute for Economic Policy Studies, The Heritage Foundation, and moderated by Michael D. Tanner, Director of Health and Welfare Studies, Cato Institute
President Bush has endorsed a proposal to slow the growth in future Social Security benefits for middle- and upper-income retirees by changing the benefit formula from wage indexing to price indexing. Critics charge that such a change will weaken Social Security’s foundations while hitting the middle class hardest. Supporters claim it is a fair way to bring Social Security’s promised benefits in line with what can actually be paid. Join us as Robert Pozen, author of the progressive price-indexing concept, and two other experts discuss the impact of this proposal.