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 Shackled Continent: Power, Corruption, and African Lives
Featuring the author Robert Guest, Africa Editor, The Economist; with comments by Marian Tupy,
Assistant Director, Project on Global Economic Liberty, Cato Institute; and moderated by Ian Vásquez, Cato Institute.
The Shackled Continent addresses Africa’s thorniest problems: war, AIDS, and above all, poverty. Robert Guest, who spent six years reporting from the world’s poorest continent, pulls the veil off the corruption and intrigue that cripple so many African nations. Guest believes that Africans have been impoverished largely by their own leaders. In the postcolonial era, African rulers–a group he calls “thugocracy”–have shackled their people’s entrepreneurial talents and driven the brightest and most honest to emigrate. From the minefields of Angola to the barren wheat fields of Zimbabwe, Guest gathers startling evidence of the misery African leaders have inflicted on their people. But he also finds success stories, from which he draws hope. With less predatory and more pragmatic government, he argues, the continent will eventually prosper.