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 the author Allan H. Meltzer, University Professor of Political Economy at Carnegie Mellon University; with comments by John Mueller, Senior Fellow, Cato Institute; moderated by David Boaz, Executive Vice President, Cato Institute.
The only economic system that maximizes both growth and individual liberty is capitalism, explains Allan H. Meltzer in his new book. Capitalism succeeds because it is adaptive, not rigid, whereas so much regulation often fails despite good intentions. The author will explain why European welfare states lag behind the United States, the causes of postwar progress and current enormous budget deficits, and why inflation will return. Join us to hear Professor Meltzer’s passionate defense of the free market at a time when U.S. citizens seem to lack a shared vision of the way to maintain domestic or world growth. John Mueller will comment on the role of capitalism in human progress.