Unconventional monetary policy—characterized by “zero interest rate policy” (ZIRP) and “quantitative easing” (QE), along with macro-prudential regulation—has increased the power of central banks in the United States, Japan, and Europe. In the new issue of Cato Journal, contributors revisit the thinking behind unconventional monetary policy and the “new monetary framework,” make the case for transparent monetary rules versus foggy discretion, and point to the distortions generated by ultra-low interest rates and preferential credit allocation.
When the Danish newspaper Jyllands-Posten published the cartoons of the prophet Muhammad in 2005, Denmark found itself at the center of a global battle about the freedom of speech. The paper’s culture editor, Flemming Rose, defended the decision to print the 12 drawings, and he quickly came to play a central part in the debate about the limitations to freedom of speech in the 21st century. In The Tyranny of Silence, Flemming Rose provides a personal account of an event that has shaped the debate about what it means to be a citizen in a democracy and how to coexist in a world that is increasingly multicultural, multireligious, and multiethnic.
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.
You’re Gonna Need a Warrant for That: The Path to Digital Privacy Reform
Featuring Congressman Ted Poe (R-TX); Greg Nojeim, Senior Counsel and Director, Center for Democracy & Technology, Project on Freedom, Security and Technology; Katie McAuliffe, Executive Director for Digital Liberty, Americans for Tax Reform; David Lieber, Privacy Counsel, Google; and Nate Jones, Attorney, Microsoft Corporation; moderated by Julian Sanchez, Senior Fellow, Cato Institute.
A unanimous Supreme Court recently declared that that our networked mobile devices merit the highest level of Fourth Amendment protection against government searches, since these devices often contain more sensitive information than even “the most exhaustive search of a house” would reveal. Yet increasingly, the vast troves of personal data they contain are synched to “the cloud,” where the outdated Electronic Communications Privacy Act of 1986 allows many types of information to be accessed without a warrant. The need to bring the law up to date has been recognized not only by privacy advocates, but major technology companies, more than half of the House of Representatives, and even federal law enforcement officials. Join us for a lively discussion of how and why to drag federal privacy law into the 21st century, with keynote remarks by Rep. Ted Poe (R-TX) and a panel discussion featuring both policy experts and representatives of the tech firms we increasingly entrust with our most private data.