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 position papers from Michael Bordo, Rutgers University, “The Great Contraction 1929–1933: Are There Parallels to the Current Crisis?”; Charles Calomiris, Columbia University,
“The Dos and Don’ts of Financial Regulatory Reform” and “TALF and PPIP: Will they Work to Unclog the Financial Plumbing?”; Marvin Goodfriend, Carnegie Mellon University, “We Need an Accord for Fed Credit Policy”; Mickey Levy, Bank of America, “What’s in Worse Shape, the Economy or Fiscal Policy?”; Bennett McCallum, Carnegie Mellon University, “China, the U.S. Dollar, and SDRs”; and Anna Schwartz, NBER, “Boundaries Between the Fed and the Treasury”; Moderated by Gregory Hess, Claremont McKenna College.