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.
The World’s Banker: A Story of Failed States, Financial Crises, and the Wealth and Poverty of Nations
Featuring the author Sebastian Mallaby, Columnist, Washington Post; with comments by
Kenneth Rogoff, Professor of Economics, Harvard University and Former Chief Economist, International Monetary Fund; and moderated by Brink Lindsey, Cato Institute.
The World Bank under the high-profile presidency of James Wolfensohn has been more controversial than ever. Wolfensohn’s attempts to reinvent the bank during the last nine years of economic and political turbulence on the international scene have pulled the agency in a number of different directions. Sebastian Mallaby will tell the story of Wolfensohn’s initiatives on internal reform, debt relief, and corruption, and review the bank’s often stormy relations with the Bush administration and nongovernmental organizations. Kenneth Rogoff will comment on Wolfensohn’s tenure, the bank’s lending priorities, and its continuing problems with accountability.