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.
The American pika (Ochotona princeps) is an insanely cute critter often found in above-timberline rock fields in the western U.S. Because they often live near mountain peaks, there’s been concern that global warming could push them over the top, to extinction.
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.
Speakers include Hon. Kathleen Abernathy, Commissioner, Federal Communications Commission; Howard Waltzman, Counsel, House Energy and Commerce Committee; James K. Glassman, Resident Fellow, American Enterprise Institute; and Robert W. Crandall, Senior Fellow, Economic Studies, Brookings Institution.
The American telecommunications sector went into a
freefall in 2002. Telecom stocks tanked as once
proud industry giants and smaller carriers alike were
financially decimated. Numerous providers were forced to
declare bankruptcy. And the reverberations were felt well
beyond the boundaries of the telecom sector as upstream
and downstream industries took a hit as well.
What were the causes of this market meltdown? Was it driven purely by misguided
corporate decisionmaking and bad business models, or is public policy more to
blame? The Telecommunications Act of 1996 was supposed to rejuvenate this sector
by encouraging increased competition, innovation and investment, but most industry
watchers have been dissatisfied with the sluggish pace of change.
This conference will explore recent developments in the
telecommunications sector and feature a set of balanced
debates over the future of both wireline and wireless public
Registration–F.A. Hayek Auditorium Foyer
Welcoming Remarks Adam D. Thierer
Director of Telecommunications Studies, Cato Institute
Clyde Wayne Crews Jr.
Director of Technology Policy, Cato Institute
Morning Keynote Address
Howard Waltzman Counsel, House Energy and Commerce Committee
Introduction: Adam D. Thierer, Cato Institute
Part One: Wireline
Panel 1 The Telecom Market Meltdown: Causes and Consequences
Moderator: Adam D. Thierer
Founder and President, Darby Associates
Vice President, Portfolio Manager and Investment Analyst, T. Rowe Price
Research Analyst in Broadband Access Technology, Needham & Co.
Senior Fellow for Technology & Society, Discovery Institute
10:45 a.m.–12:00 p.m.
Panel 2 What Vision Will Govern Broadband? Deregulation, Open Access, or Structural Separation?
Moderator: Clyde Wayne Crews Jr.
Vice President of Marketing, Optical Solutions
James K. Glassman
Host, Tech Central Station, and Resident Fellow, American Enterprise Institute
Principal, Chief Analyst, and Cofounder, RHK Telecommunications Industry Analysis
Robert W. Crandall
Senior Fellow, Economic Studies, Brookings Institution
Fred L. Smith Jr.
Founder and President, Competitive Enterprise Institute
Part Two: Wireless
Luncheon Keynote Address
Hon. Kathleen Abernathy
Commissioner, Federal Communications Commission
Introduction: Clyde Wayne Crews Jr., Cato Institute
Panel 3 The Future of Spectrum Governance:
Property Rights or a Spectrum Commons?
Moderator: Adam D. Thierer
Professor of Law, New York University School of Law
Systems Designer and Researcher
Thomas W. Hazlett
Senior Fellow, Manhattan Institute
Professor of Public Policy and Management, University of Pennsylvania
Vice President and Global Strategist, Precursor Group