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 Rebellion: Whither the National ID Law?
Featuring Mark Sanford, Republican Governor of South Carolina and Jon Tester, Democratic U.S. Senator from Montana. Moderated by Jim Harper, Cato Institute.
On May 11, 2008, the statutory deadline for compliance with the REAL ID Act will pass without a single state meeting its requirements. Indeed, more than 17 states have passed legislation objecting to or outright refusing to implement this national ID law. Earlier this year, the Department of Homeland Security handed out extensions of the compliance deadline just for the asking, but state leaders from across the ideological spectrum refused even this small gesture of acquiescence. A REAL ID rebellion is underway, and it has ushered in a debate on whether the United States should have a national ID system. The debate didn’t happen when the law passed because Congress held no hearings, and there was no up-or-down vote on REAL ID in the Senate. Votes this year on REAL ID funding, or perhaps repeal of the national ID law, will reveal where Members of Congress stand on the question whether law-abiding American citizens should be practically or legally required to carry a national ID. Please join us to hear two prominent leaders present their distinct perspectives on REAL ID, identification policy, national and individual security, identity fraud, and privacy.