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.
Social Security: A Fresh Look at Policy Alternatives
Featuring Jagadeesh Gokhale, Senior Fellow, Cato Institute; Former Rep. Jim Kolbe, (R-AZ) Senior Transatlantic Fellow, The German Marshall Fund of the United States; and Former Rep. Charles Stenholm (D-TX), Senior Policy Advisor, Olsson Frank Weeda PC.
Experts and practitioners of federal budget policies across the political spectrum recognize that America’s fiscal trajectory is unsustainable — especially because of the effects of changing demographic and economic forces on the finances of entitlement programs such as Social Security and Medicare. Although many recognize that delays make achieving sustainable reforms more difficult, a key requirement for sensible reforms is proper projections and estimates of entitlement program finances. In a new book from the University of Chicago Press, Social Security: A Fresh Look at Policy Alternatives, Jagadeesh Gokhale argues that the government’s methods for estimating the program’s outlook seriously underestimate its imbalance. He develops a more detailed approach and evaluates six reform proposals — two liberal, two centrist, and two conservative — to demonstrate how far they resolve Social Security’s imbalance and who bears the costs under each. Joining him at this event are two coauthors of a centrist reform plan to explain why achieving Social Security reform with broad bipartisan support remains a key national goal and how it can be achieved.