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.
Telecom & Broadband Outlook After the FCC’s UNE Triennial Review Decision
Featuring Tom Tauke, Verizon Communications; John Windhausen, Association for Local Telecommunications Services; Ray Gifford, Progress & Freedom Foundation; and John Malone, Eastern Management Group.
Six months after releasing a preliminary sketch of the revised rules for local telecom and broadband policy in America, the Federal Communications Commission released its final 576-page unbundled network element (UNE) triennial review order on August 21. Specifically, the FCC examined the UNEs that local telephone carriers must provide to competitive local exchange carriers (CLECs) at regulated rates and ruled that incumbent carriers must continue to unbundle and share much of their network with rivals. The order also envisioned a broader role for state regulators in tailoring UNE guidelines. Going in the opposite direction, the FCC exempted new fiber networks from such sharing rules and scaled back sharing requirements for some other services.
What impact will this latest decision have on the telecom and broadband marketplace? Will the FCC’s latest interpretation of the Telecommunications Act of 1996 pass muster in the courts or be rejected like previous rulings? Panelists will debate the legal, economic, and financial implications of this important ruling.