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.
Featuring Thomas R. Saving, Medicare trustee, 2001-2007 and Stuart Guterman, Commonwealth Fund. Moderated by Michael F. Cannon, Cato Institute.
It is 2008. Research suggests the federal Medicare program spends as much as $100 billion per year on medical care that makes seniors no healthier or happier. Its payment system continues to reward low-quality and even harmful medical care. The trustees of the Medicare program have issued yet another annual report containing dire warnings about Medicare’s financial sustainability, including an unfunded liability of $86 trillion. The picture is far worse than it was when politicians were developing fundamental Medicare reforms 10 years ago. Yet politicians today seem uninterested. The president has proposed reforms that would barely slow the program’s growing dependence on general revenues-a proposal that Congress has largely ignored. Leading presidential candidates advocate tweaks-such as reducing payments for private plans and prescription drugs, or tying payments to quality measures-rather than fundamental reform. Come hear leading analysts discuss whether the case for Medicare reform is any less powerful now than in the past.