Featuring Charles Stimson, Manager, National Security Law Program and Senior Legal Fellow, Davis Institute for National Security and Foreign Policy, Heritage Foundation; Shibley Telhami, Anwar Sadat Professor, University of Maryland; Senior Fellow, Brookings Institution; and Alex Nowrasteh, Immigration Policy Analyst, Cato Institute; moderated by A. Trevor Thrall, Senior Fellow, Cato Institute.
In Lukewarming: The New Climate Science that Changes Everything, Pat Michaels and Chip Knappenberger explain the real science and spin behind the headlines and come to a provocative conclusion: global warming is not hot—it’s lukewarm. Climate change is real, it is partially man-made, but it is clearer than ever that its impact has been exaggerated—with many predictions now being rendered implausible or impossible. This new paperback edition of the book is an expanded edition of last year’s ebook-only edition of Lukewarming, and includes updates in science and policy following the accords reached at the 2015 United Nations Climate Change Conference in Paris.
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.
Rethinking Housing Bubbles: The Role of Household and Bank Balance Sheets in Modeling Economic Cycles
Featuring the authors Vernon L. Smith, Laureate 2002, Nobel Prize in Economic Sciences and Professor, Chapman University; and Steven D. Gjerstad, Presidential Fellow, Chapman University; with comments by Dean Baker, Co-founder, Center for Economic and Policy Research; moderated by Mark A. Calabria, Director, Financial Regulation Studies, Cato Institute.
Balance sheet crises, in which the prices of widely held and highly leveraged assets collapse, pose distinctive economic challenges. In what promises to be a deeply insightful event, authors Vernon L. Smith and Steven D. Gjerstad will discuss their new book Rethinking Housing Bubbles. Their book examines causes and consequences, and with both authors’ well-known backgrounds in experimental economics, analyzes the events that led to and resulted from the recent U.S. housing bubble as a case study in the formation and propagation of balance sheet crises. The book also examines all previous downturns in the U.S. economy and documents substantive differences between the recurrent features of economic cycles and financial crises and the beliefs that public officials hold about them, especially within the Federal Reserve System. The book concludes with an examination of similar events in other countries and assesses alternative strategies to contain financial crises and to recover from them. Please join us for what promises to be a substantive, highly compelling discussion from two recognized authorities.