As the European Crisis continues, with no solution in sight, it is becoming increasingly clear to many that the problems are deep and structural. Stagnant growth, persistent unemployment, and public dissatisfaction are threatening the very premises of the European project. Although some believe that “an ever-closer Europe” is the solution, others argue that the current crisis is no accident; it is the natural result of naïve and excessively optimistic expectations concerning the economic benefits of integration and centralization. Professor Václav Klaus, former Czech minister of finance and prime minister, and now distinguished senior fellow at the Cato Institute, will address these pressing questions during his first visit to Washington just days after stepping down from his second term as president.
Featuring John Allison, President and CEO, Cato Institute; Rep. Kevin Brady (TX-8), Chairman, Joint Economic Committee; and Norbert Michel, Research Fellow in Financial Regulations, Heritage Foundation; moderated by James A. Dorn, Vice President for Monetary Studies and Senior Fellow, Cato Institute.
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In this issue of the Cato Journal, economists Geoffrey Black, D. Allen Dalton, Samia Islam, and Aaron Batteen offer one prominent example of allowing the market to work. Also in this issue, economists Jason E. Taylor and Jerry L. Taylor reexamine the relationship between marginal tax rates and U.S. growth, and Robert Krol looks at bias in CBO and OMB economic forecasts.
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The 2008-2009 financial crisis and Great Recession have vastly increased the power and scope of the Federal Reserve, and radically changed the financial landscape. This new ebook examines those changes and considers how the links between money, markets, and government may evolve in the future.