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.
Transit agencies regularly splurge on expensive but little-used rail transit lines, then declare them to be great successes. And for good reason: if they admitted that federally subsidized rail lines were failures and quit running them, they would have to reimburse the feds. How can you know whether a rail transit line is really successful or whether the transit agency is trying to avoid admitting that it wasted so much money? To answer this question, Cato scholar Randal O’Toole developed six different tests, including profitability and effects on ridership, and used them to evaluate more than 70 rail transit systems in dozens of cities. Please join Randal O’Toole and Ron Utt of the Heritage Foundation to discuss how rail transit measures up and how it affects urban mobility.