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.
The Science of Liberty: Democracy, Reason, and the Laws of Nature
Featuring the author, Timothy Ferris, with comments by Jason Kuznicki, Research Fellow, Cato Institute; and Jonathan Rauch, Contributing editor, the Atlantic Monthly, and visiting scholar, The Brookings Institution. Moderated by Brink Lindsey, Vice President for Research, Cato Institute.
Award-winning author Timothy Ferris discusses the relationship between science and liberal government, arguing that the fortunes of science and liberty rise and fall together. The scientific revolutions of the 17th and 18th centuries were, he argues, a powerful inspiration for the concurrent revolutions in government; together, they produced what we know as the modern world.
It was no accident that many of the American revolutionaries were also successful scientists, and it is no accident that today’s liberal societies produce vastly more scientific research than their dictatorial counterparts. In a book that spans centuries of world history, Ferris observes how scientific reasoning depends on open inquiry, free dissent, and the freedom to innovate. Liberal government, he says, enshrines these very virtues as well.