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.
Schools for Misrule: Legal Academia and an Overlawyered America
Featuring the author Walter Olson, Senior Fellow, Cato Institute; with comments by Judge Douglas H. Ginsburg, United States Court of Appeals for the District of Columbia Circuit; moderated by Roger Pilon, Vice President for Legal Affairs, Cato Institute.
The ideas that emanate from the nation’s law schools in one generation often wind up shaping law and national policy in the next. But as Cato senior fellow Walter Olson argues in this new book, for more than four decades the nation’s law schools have been a hatchery of bad ideas, from tort and contract theories to class actions, environmental law, racial reparations, the recasting of domestic policy differences as questions of international human rights, and more. Yet the common theme is to confer power and status on the schools’ own graduates and faculty, as law pervades ever wider areas of life. The pipe dream of training up philosopher-monarchs, Olson says, distracts law schools from their genuinely useful function of training competent, ethical, and suitably humble practitioners of the law.