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 REAL ID Act: Unfixed by the Regs and Unworkable on any Time Frame
Featuring: Jim Harper, Director of Information Policy Studies, Cato Institute; Tim Sparapani, Legislative Counsel, American Civil Liberties Union; and David Williams, Vice President of Policy, Citizens Against Government Waste.
The REAL ID Act was rushed through Congress as an attachment to a military spending bill in 2005, without any hearings. Under the law, states are supposed to issue federally standardized driver’s licenses and make databases of driver information accessible nationwide by May 2008. DHS recently issued regulations that punted on the most difficult problems, delayed the compliance deadline, and raised the cost estimate for implementing the law to $17 billion. A growing number of state legislatures have passed resolutions against REAL ID, recognizing that regulations can’t make this law work, and neither can a delay. Bills to restore the more carefully crafted ID provisions of the Intelligence Reform and Terrorism Prevention Act of 2004 have been introduced in the House and Senate. Please join us for a discussion of identity-based security and the privacy, liberty, and cost consequences of the REAL ID Act.