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 Brink Lindsey, Vice President for Research, Cato Institute; Tyler Cowen, Professor, George Mason University; and Martin Baily, Senior Fellow, Brookings Institution; moderated by Annie Lowrey, Reporter, New York Times.
The sluggish recovery from the Great Recession raises a troubling question: is this the new normal? Tyler Cowen launched an ongoing debate of that question with The Great Stagnation, in which he argued that the “low-hanging fruit” of growth has already been picked. In a new Cato paper entitled “Why Growth Is Getting Harder,” Brink Lindsey offers an analysis that differs from Cowen’s but shares his conclusion that slow growth will be hard to avoid in the coming years. Martin Baily, one of the world’s leading experts on productivity, is optimistic about the future of innovation but cautions that other factors can hold growth back. Please join these experts for a stimulating discussion of a vitally important issue.