To what extent does disorder threaten the global economic system, and must the United States prevent piracy, international crime, and general lawlessness in order to maintain our relative prosperity? Does uncertain access to sources of energy pose a threat to U.S. and global prosperity? The leading advocates of U.S. global primacy contend that trade has expanded because the United States provides a global public good of security within the commons, and that such trade would slow or contract if the United States were to reduce its global policing function. Does global order depend upon a single power enforcing the rules of the game, and is the United States capable of playing this role indefinitely?
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.
Latest CommentaryDear Sir: The authors of “In search of a solution” (Analysis, March 3) assert that prices in Venezuela “are rising at the...
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.