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.
Transition in Iraq: The July 1 Deadline and Beyond
Featuring John Hendren, Los Angeles Times; Amb. Edward Peck, Former Chief of Mission in Baghdad; Christopher Preble, Cato Institute and Johanna Mendelson-Forman, UN Foundation.
The Bush administration insists that the United States will meet the July 1 deadline for handing the government of Iraq to the Iraqi people. But many important issues remain unresolved, including the question of the new government being picked by appointed caucuses (the U.S. plan) or by direct elections (called for by the leading Shiite cleric, Ayatollah Ali al-Sistani). As the deadline gets closer, the administration seems to be moving further away from its original vision of a democratic Iraq in America’s image. And two parties previously excluded from the process—the United Nations and Ayatollah Sistani—are now seen as key to the success of the transition. But even if the July 1 deadline is met, the question of a continued U.S. military presence still looms. How much responsibility does the United States have for rebuilding Iraq? Should the United Nations be more involved? What are the implications for U.S. foreign policy and the war on terrorism?