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.
Featuring the author, Jacob Sullum, Senior Editor, Reason; with comments by Sally Satel, Senior Fellow, American Enterprise Institute.
Saying Yes argues that the all-or-nothing thinking that has long dominated discussions of illegal drug use should give way to a wiser, subtler approach. Exemplified by the tradition of moderate drinking, such an approach rejects the idea that there is something inherently wrong with using chemicals to alter one’s mood or mind. Saying Yes further contends that the conventional understanding of addiction as a kind of chemical slavery in which the user’s values and wishes do not matter is fundamentally misleading. Jacob Sullum contrasts drug use as it is described by politicians and propagandists with drug use as it is experienced by the silent majority of users. Sally Satel, recently seen on John Stossel’s ABC News special “Is Addiction a Choice?” will comment.