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 John Allison, President and CEO, Cato Institute; Rep. Kevin Brady (TX-8), Chairman, Joint Economic Committee; and Norbert Michel, Research Fellow in Financial Regulations, Heritage Foundation; moderated by James A. Dorn, Vice President for Monetary Studies and Senior Fellow, Cato Institute.
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In this issue of the Cato Journal, economists Geoffrey Black, D. Allen Dalton, Samia Islam, and Aaron Batteen offer one prominent example of allowing the market to work. Also in this issue, economists Jason E. Taylor and Jerry L. Taylor reexamine the relationship between marginal tax rates and U.S. growth, and Robert Krol looks at bias in CBO and OMB economic forecasts.
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The 2008-2009 financial crisis and Great Recession have vastly increased the power and scope of the Federal Reserve, and radically changed the financial landscape. This new ebook examines those changes and considers how the links between money, markets, and government may evolve in the future.