For many people, owning a business is the very definition of the American dream. But in today’s America, that dream is made increasingly difficult by laws and regulations that interfere with entrepreneurs and their right to earn a living providing valuable goods and services through voluntary exchange. The Founding Fathers considered economic liberty to be a fundamental human right, yet the protections established by English law and later American law were largely stripped away by the collectivist political philosophy of Progressive-era judges. What exactly have we lost, and how can it be restored? Can members of the Supreme Court reverse the damage that their predecessors unleashed? Can Congress address these problems effectively or does the Supreme Court’s interpretation of the Constitution stand in the way? And what are the prospects that decisions in the next Court term, which begins in October, will advance economic liberty?
Featuring Benjamin H. Friedman, Research Fellow in Defense and Homeland Security Studies, Cato Institute; Spencer Ackerman, Senior Writer, WIRED Magazine; and Julian Sanchez, Research Fellow, Cato Institute; moderated by Laura Odato, Director of Government Affairs, Cato Institute.
In the new issue of Cato Policy Report, Cato President and CEO John A. Allison argues that the Federal Reserve is increasing the long-term risk in our financial system through both its monetary and regulatory policies. Also in this issue, James D. Gwartney looks at the incomplete “public choice revolution,” and explains how mainstream economics is leaving both current students and the general public with a misleading, false, and romantic view of government and the operation of the democratic political process.
May 17, 2013
May 17, 2013
Latest CommentaryThere’s evidence that the Justice Department’s seizure of Associated Press phone records is far from unprecedented.
Featured BookRenowned development economist Deepak Lal draws on 50 years of experience around the globe to describe developing-country realities and rectify misguided notions about economic progress.
More Bang for Your Buck
The Cato Institute tops a new measure of think tank performance in the United States, according to a recent report. Cato bested all other U.S. think tanks in the main category of “Aggregate Profile per Dollar Spent.” “I’m grateful to the Center for Global Development for showing that Cato gives its sponsors something I wish government gave more of to taxpayers: bang for the buck,” said Cato CEO John Allison.