Cato is pleased to announce the launch of the new Libertarianism.org. While our principled message of justice, prosperity, responsibility, tolerance, cooperation, and peace remains the same, we’ve rethought everything about how we introduce and explore that message and the ideas and history that inform it. You’ll find the site much easier to use and more helpful in guiding you through learning about libertarianism, whether you’re brand new to the ideas of liberty or looking to dig deep into particular topics.
There is no single cause of America’s opioid crisis, but overprescription of opioids has undoubtedly contributed. The federal government has responded predictably, criminally prosecuting doctors who prescribe opioids to the drug dependent. The approach may seem sensible, but it is as wrongheaded as our century‐old drug war. In a new paper, Josh Bowers and Daniel Abrahamson examine the roots of the modern American drug war and offer their own public health prescription: a set of pragmatic harm‐reduction responses to prohibition and its counterproductive and often deadly effects.
The economist Thomas Sowell’s prodigious output of over 30 books in the last 40 years has seen him writing on topics ranging from the basics of economic thinking to the impact of government programs on minorities to late‐talking children. On June 30, 2020, Thomas Sowell turned 90. He is one of the most important economic and social thinkers of the last 50 years.
During the first three years of Donald Trump’s presidency, the economy expanded, unemployment and poverty fell, wages increased, taxes were cut, the stock market moved upward, and some reforms of federal regulation were introduced. Yet we need to be careful before offering kudos to the president. Like any other president, Trump is only partly responsible for what has gone well and gone wrong during his years in office and in the years to come. In the new issue of Regulation, Pierre Lemieux looks at the administration’s economic performance.