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.
The Tragedy of Liberation: A History of the Chinese Revolution 1945-1957
Featuring the author Frank Dikötter, Chair Professor of Humanities, University of Hong Kong; with comments by Harry Wu, Founder, Laogai Research Foundation; moderated by Marian L. Tupy, Policy Analyst, Center for Global Liberty and Prosperity, Cato Institute.
Following a bloody civil war and the defeat of Chiang Kai-shek in 1949, Mao Zedong hoisted the red flag over Beijing’s Forbidden City. Due to the secrecy surrounding the country’s records, little has been known about the early years of the communist rule. Drawing on previously classified documents, secret police reports, and eyewitness accounts, Dikötter bears witness to a shocking, largely untold history. People of all walks of life were brutalized, imprisoned, and executed. Others were forced to write confessions and denounce their friends. “The Chinese Communist party refers to its victory in 1949 as ‘liberation,’” Dikötter writes. “In China the story of liberation and the revolution that followed is not one of peace, liberty, and justice. It is first and foremost a story of calculated terror and systematic violence.” Harry Wu, a human rights advocate who saw the communist takeover and later spent 19 years in various Chinese forced-labor camps, will comment on the book and life under Mao’s tyrannical regime.