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.
The Psychology of Evil: The Lucifer Effect in Action
Featuring the author, Philip Zimbardo, Stanford University, with comments by Julian Sanchez, Reason, and Will Wilkinson, Cato Institute.
Prof. Philip Zimbardo, the conductor of the infamous 1971 Stanford Prison Experiment, has become a leading authority on the psychology of evil: How is it that people are induced to commit evil, even when they consider themselves “good” people? What social dynamics encourage—or discourage—cruelty toward other human beings? The Lucifer Effect offers a full reconstruction of the 1971 experiment based on archival video, subject diaries, exit interviews, and other contemporary material. It then gives an introduction to the psychology of social morality as it has developed over the years. The book culminates with an examination of the prisoner abuse scandals of Abu Ghraib, Guantanamo Bay, and elsewhere, challenging accounts that would hold individual soldiers solely responsible for their actions, and indicting the chain of command for knowingly creating conditions that would lead to degrading treatment and torture.