Unconventional monetary policy—characterized by “zero interest rate policy” (ZIRP) and “quantitative easing” (QE), along with macro-prudential regulation—has increased the power of central banks in the United States, Japan, and Europe. In the new issue of Cato Journal, contributors revisit the thinking behind unconventional monetary policy and the “new monetary framework,” make the case for transparent monetary rules versus foggy discretion, and point to the distortions generated by ultra-low interest rates and preferential credit allocation.
When the Danish newspaper Jyllands-Posten published the cartoons of the prophet Muhammad in 2005, Denmark found itself at the center of a global battle about the freedom of speech. The paper’s culture editor, Flemming Rose, defended the decision to print the 12 drawings, and he quickly came to play a central part in the debate about the limitations to freedom of speech in the 21st century. In The Tyranny of Silence, Flemming Rose provides a personal account of an event that has shaped the debate about what it means to be a citizen in a democracy and how to coexist in a world that is increasingly multicultural, multireligious, and multiethnic.
The Cato Institute has released its 2015 Annual Report, which documents a dynamic year of growth and productivity. The thousands of individuals who contribute to Cato are passionate about freedom and committed to ensuring that future generations enjoy the blessings of liberty, unencumbered by an overreaching state that seeks to control their lives. This is Cato’s optimistic vision for the future, and it would be unimaginable without the Institute’s longstanding partnership with its Sponsors. We will continue our diligence and dedication to seeing this vision realized.
The Republican Revolution 10 Years Later: Smaller Government or Business as Usual?
Featuring Chris Edwards, Director of Tax Policy, Cato Institute; John Samples, Director of the Center for Representative Government, Cato Institute; and Linda Killian, Professor of Journalism, Boston University, Author, The Freshmen: What Happened to the Republican Revolution?
In 1994, the Republican Contract with America called for the “end of government that is too big, too intrusive, and too easy with the public’s money.” After 10 years in power, the GOP has cut taxes and reformed welfare, and they are proceeding with reforms to Social Security. But federal spending has soared 60 percent since 1995, the deficit has exploded, and the government has grabbed more power from the states and the people in many areas.
Please join us to discuss a new Cato book, The Republican Revolution 10 Years Later: Smaller Government or Business as Usual? edited by Chris Edwards and John Samples. The book examines 10 years of policy in taxation, education, trade, welfare, health care, and other key areas. Joining the authors will be Boston University professor Linda Killian, author of the book The Freshmen: What Happened to the Republican Revolution? As a journalist who covered the new Republican Congress, Killian will discuss some of the interesting political dynamics behind the GOP’s reform efforts.