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 the author Timothy Beardson, Founder, Crosby Financial Holdings; with comments by Phillip L. Swagel, Professor in International Economic Policy, University of Maryland School of Public Policy; moderated by James A. Dorn, Vice President for Monetary Studies and Senior Fellow, Cato Institute.
Stumbling Giant: The Threats to China’s Future addresses the challenges China will face during the coming decades and why it is unlikely to overtake the United States this century. The book provides an in-depth analysis of the threats to China’s continuing rise, offers bold policy prescriptions addressing those challenges, and explains why — without substantial reform — China is unlikely to replace America as the next superpower. Yale nominated the book for the prestigious Samuel Johnson Prize for nonfiction. Timothy Beardson founded, majority-owned, and ran Crosby Financial Holdings, which became the largest independent investment bank in the Far East. He is a permanent resident of Hong Kong.