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.
Unlucky Strike: Private Health and the Science, Law and Politics of Smoking
Featuring the author John Staddon, James B. Duke Professor of Psychology and Professor of Biology and Neurobiology, Emeritus, Duke University; moderated by David Boaz, Executive Vice President, Cato Institute.
Smoking is risky for smokers, but is it bad for the rest of us? Science says no. Those who die from smoking tend to die close to retirement age. Lifetime medical costs for smokers are less than for nonsmokers. The risk to others of secondhand smoke is impossible to measure and is probably negligible. In short, smokers are not a public cost. So why are they over-taxed, dissed, and discriminated against in so many ways? A good question, examined at length in Unlucky Strike by John Staddon, author of more than 200 scientific papers, with original illustrations by the renowned artist David Hockney.