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.
Restriction or Legalization? Measuring the Economic Benefits of Immigration Reform
Featuring Peter Dixon, Principal Researcher, Centre of Policy Studies,
Faculty of Business and Economics, Monash University (Australia); and Daniel Griswold, Director, Center for Trade Policy Studies, Cato Institute.
As Congress prepares to tackle immigration reform, a new study from the Cato Institute estimates that the difference in the impact on U.S. households between the most and least restrictive policies would be about a quarter of a trillion dollars. Using a model of the U.S. economy developed for the Department of Homeland Security and other U.S. agencies, economists Peter Dixon and Maureen Rimmer conclude that increased restriction of illegal immigration would cost U.S. households $80 billion a year, while legalization through a temporary visa program would raise incomes by $180 billion. Professor Dixon will explain the findings and answer questions about the methodology of the study, and Cato scholar Daniel Griswold will share the results of his new study on immigration and the underclass.