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.
Featuring Tim Donner, Founder and President, One Generation Away; Roger Pilon, Vice President for Legal Affairs, Cato Institute; Christopher Donesa, Former Chief Counsel, House Permanent Select Committee on Intelligence; and Claire McCaffery Griffin, Principal, CGC, LLC; moderated by Dean Reuter, Vice President and Director, Practice Groups, Federalist Society.
The Federalist Papers, which explain America’s founding principles and the practical means for securing them, were instrumental in winning the hard-fought battle to ratify the Constitution. Yet today, high-school students often find it difficult to read them, if they are even encouraged to do so. To address that problem, and to help America’s future leaders to better understand the principles embedded in the Constitution, One Generation Away has published a book of essays by leading constitutional scholars that explains the central themes of the Federalist Papers in a language that upper-level high-school students of today will more easily comprehend. Please join us for a discussion of this book by two of its authors, followed by a discussion of how it may be used in the classroom.