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Cato Dispatch for October 2, 2008
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$700 Billion Financial Bailout Plan Passes in the SenateDebate over Milton Friedman's Legacy Continues
Homeland Security Detects Terrorist Threats by Reading Your Mind
$700 Billion Financial Bailout Plan Passes in the Senate
Cato analysts have appeared on television and radio more than 100 times to discuss the financial crisis, the bailout plan and free market alternatives. Catch the highlights of our bailout commentary in our new feature, Cato Out Loud.
Adjunct Scholar Arnold Kling provided four reasons not to have a bailout.
Senior Fellow Daniel J. Mitchell explained why the bailout is bad for America.
For anyone who tries to blame this on the free market, Cato's Neal McCluskey has a few words for you.
In a Podcast interview, Senior Fellow Michael D. Tanner asked, "Does the bailout vote revive conservatism?"
Director of Tax Policy Studies Chris Edwards blogged, "Congress is determined to rig the vote and grab the people's money anyway it can."
For a thorough compilation of Cato material on the bailout, click here.
For up-to-the-minute commentary on the bailout and other issues, read Cato@Liberty, the official blog of the Cato Institute.
Debate over Milton Friedman's Legacy Continues
Since author Naomi Klein published her book, The Shock Doctrine: The Rise of National Capitalism, Cato Senior Fellow Johan Norberg has debunked and debated her claims about the late Milton Friedman and free market economics. The discussion continued into the fall, and you can read it here.
Homeland Security Detects Terrorist Threats by Reading Your Mind
A FoxNews.com report revealed that the Department of Homeland Security has field tested a new device that will scan airport passenger's bodies for clues that could predict if someone had the intent to cause harm to others.
"A new system called MALINTENT turns the old school approach on its head. This Orwellian-sounding machine detects the person%u2014not the device%u2014set to wreak havoc and terror....It's like an X-ray for bad intention"."
Cato's Director of Information Policy Studies Jim Harper explored security technology in his book, Identity Crisis: How Identification Is Overused and Misunderstood.
Chris Moody, editor, cmoody@cato.org
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