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.
Why the Supreme Court Matters in a Presidential Election Year
An Entrenched Legacy: How the New Deal Constitutional Revolution Continues to Shape the Role of the Supreme Court
Featuring the author Patrick Garry, University of South Dakota Law School; with comments by Roger Pilon, Cato Institute, and Abe Krash, Georgetown University Law Center and Arnold & Porter LLP; moderated by Ilya Shapiro, Cato Institute.
This book takes a fresh look at the role of the Supreme Court in our constitutional system. Although criticisms of judicial power often attribute its rise to the activism of justices seeking to advance particular political ideologies, Patrick Garry argues instead that the Court’s power has grown mainly because of certain New Deal-era decisions that initially seemed to portend a lessening of that power. The Rehnquist Court tried to strengthen the Constitution’s structural protections of liberty but, according to Garry, this effort only went halfway because the Court relied exclusively on judicially enforced rights. A more comprehensive reform would require a return to a reliance on federalism and separation of powers as devices for protecting liberty.