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.
Taiwan’s Defense Budget: How Taipei’s Free Riding Risks War
Featuring Justin Logan, Cato Institute; and Ted Galen Carpenter, Cato Institute.
Taiwan spends far too little on its own defense, in large part because the Taiwanese believe the United States is their ultimate protector. Meanwhile, Taiwan’s political leaders are creating the worst possible combination: the provocative cross-strait policy of President Chen Shui-bian and the opposition-dominated legislature’s irresponsible policy on defense spending. A bold cross-strait policy coupled with inadequate defense spending virtually invites a Chinese challenge, and America would be caught in the middle. Please join us for an analysis of the dangers inherent in the U.S.-China-Taiwan relationship, and a proposal for a new way forward.