Unconventional monetary policy—characterized by “zero interest rate policy” (ZIRP) and “quantitative easing” (QE), along with macro-prudential regulation—has increased the power of central banks in the United States, Japan, and Europe. In the new issue of Cato Journal, contributors revisit the thinking behind unconventional monetary policy and the “new monetary framework,” make the case for transparent monetary rules versus foggy discretion, and point to the distortions generated by ultra-low interest rates and preferential credit allocation.
When the Danish newspaper Jyllands-Posten published the cartoons of the prophet Muhammad in 2005, Denmark found itself at the center of a global battle about the freedom of speech. The paper’s culture editor, Flemming Rose, defended the decision to print the 12 drawings, and he quickly came to play a central part in the debate about the limitations to freedom of speech in the 21st century. In The Tyranny of Silence, Flemming Rose provides a personal account of an event that has shaped the debate about what it means to be a citizen in a democracy and how to coexist in a world that is increasingly multicultural, multireligious, and multiethnic.
The Cato Institute has released its 2015 Annual Report, which documents a dynamic year of growth and productivity. The thousands of individuals who contribute to Cato are passionate about freedom and committed to ensuring that future generations enjoy the blessings of liberty, unencumbered by an overreaching state that seeks to control their lives. This is Cato’s optimistic vision for the future, and it would be unimaginable without the Institute’s longstanding partnership with its Sponsors. We will continue our diligence and dedication to seeing this vision realized.
The Swing Vote: The Untapped Power of Independents
Featuring the author Linda Killian, Senior Scholar, Woodrow Wilson Center for International Scholars; with comments by David Kirby, Vice President of Development, FreedomWorks; moderated by John Samples, Director of the Center for Representative Government, Cato Institute.
Many Americans identify themselves as political independents who vote on the basis of issues and candidates, rather than party affiliation. Linda Killian argues that these independent and swing voters are “the centrist voters who decide elections and represent more voters than those at the conservative and liberal ends of the spectrum.” In 2010, self-identified independents swung sharply against the Obama administration and handed the House of Representatives to the Republicans. Nonetheless, given our polarized politics, it is no surprise that these independents, who are “fiscally conservative and socially tolerant,” as David Kirby also noted in his papers on “the libertarian vote,” might feel overlooked and ignored. How will independents affect the 2012 election? Please join us for an uncommon look at the American electorate.