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 Transition from Communism 25 Years after the Fall of the Berlin Wall: Lessons for Non-Free Societies
Featuring Oleh Havrylyshyn, Department of Economics, George Washington University and University of Toronto; Peter Murrell, Mancur Olson Professor, Department of Economics, University of Maryland; Krassen Stanchev, Executive Director, Institute for Market Economics, Bulgaria; Dalibor Rohac, Policy Analyst, Center for Global Liberty and Prosperity, Cato Institute; Andrei Illarionov, Senior Fellow, Center for Global Liberty and Prosperity, Cato Institute; Mikheil Saakashvili, Former President, Republic of Georgia; moderated by Marian L. Tupy, Senior Policy Analyst, Center for Global Liberty and Prosperity, Cato Institute; and Ian Vasquez, Director, Center for Global Liberty and Prosperity, Cato Institute.
Following the fall of the Berlin Wall on November 9, 1989, communist governments crumbled throughout the Soviet bloc. By late December 1991, the Soviet Union itself ceased to exist. The pace of transition from communist dictatorship to democracy and market economics was uneven. Some countries experienced high rates of economic growth and rapid return to political freedom, while others remained stuck in poverty and authoritarianism. Which reforms worked and which did not? What were the pre-conditions for a successful transformation and what lessons can non-free societies learn from the experiences of former communist countries?
Marian L. Tupy
Senior Policy Analyst, Center for Global Liberty and Prosperity, Cato Institute
Panel 1: Economic Transition In Ex-Communist Countries: What Have We Learned from Different Approaches To Reforms?