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 Six-Party Talks and the Future of the North Korean Nuclear Program
U.S. Special Envoy for the Six-Party Talks;
Jon B. Wolfsthal,
Nonproliferation Fellow in the International Security Program at the Center for Strategic and International Studies (CSIS);
Ted Galen Carpenter,
Vice President for Defense and Foreign Policy Studies, Cato Institute,
and Coauthor, The Korean Conundrum
The future of the North Korean nuclear program remains in doubt. Despite the apparent breakthrough in the Six-Party Talks in Beijing, crucial details remain to be resolved. When the talks reconvene, will negotiators be able to bridge the considerable differences and achieve U.S. goals of a complete, verifiable, and irreversible dismantlement of the North’s nuclear weapons program? What should the United States be willing to pledge to North Korea in exchange for concluding a final agreement? What measures will be put in place to ensure that North Korea abides by its pledges? Will a successful outcome pave the way for a possible similar breakthrough with respect to Iran’s nuclear program?