Here are a few highlights from Cato Today, a daily email from the Cato Institute. You can subscribe, here.

• Alan Reynolds explains what really triggered the world recession and why the U.S. should not be the first to be blamed in the New York Post.

• Will Wilkinson discusses why the current economic crisis cannot be compared to the Great Depression in Marketplace.

• Watch  Daniel J. Mitchell debate whether the economy is headed in the right direction on CNBC.

• Thursday’s Cato Daily Podcast features James A. Dorn discussing China’s proposition for a new world currency.