[![Media Name: cjv34n3-cover.jpg](/sites/cato.org/files/styles/serial_cover_phone/public/serials/covers/cjv34n3-cover.jpg?itok=nUo7eAIm)](https://www.cato.org/sites/cato.org/files/serials/files/cato-journal/2014/9/cjv34n3.pdf) 

# Fall 2014 

Vol. 34 No. 3 

[ 

Download PDF 

](https://www.cato.org/sites/cato.org/files/serials/files/cato-journal/2014/9/cjv34n3.pdf) 

Leszek Balcerowicz on Euro imbalances; Mao Yushi on lessons from China's great famine; Allan H. Meltzer on how the Federal Reserve repeats history; and more.

##### Articles 

#### [Euro Imbalances and Adjustment: A Comparative Analysis ](/cato-journal/fall-2014/euro-imbalances-adjustment-comparative-analysis)

By Leszek Balcerowicz 

#### [Lessons from China’s Great Famine ](/cato-journal/fall-2014/lessons-chinas-great-famine)

By Mao Yushi 

#### [Equality, Justice, and Freedom: A Constitutional Perspective ](/cato-journal/fall-2014/equality-justice-freedom-constitutional-perspective)

By [James A. Dorn](https://www.cato.org/people/james-dorn) 

#### [Current Lessons from the Past: How the Fed Repeats Its History ](/cato-journal/fall-2014/current-lessons-past-how-fed-repeats-its-history)

By Allan H. Meltzer 

#### [The Financial Crisis: Why the Conventional Wisdom Has It All Wrong ](/cato-journal/fall-2014/financial-crisis-why-conventional-wisdom-has-it-all-wrong)

By Richard Kovacevich 

#### [Dodd-Frank’s Expansion of Fed Power: A Historical Perspective ](/cato-journal/fall-2014/dodd-franks-expansion-fed-power-historical-perspective)

By [Norbert J. Michel](https://www.cato.org/people/norbert-michel) 

#### [What Stiglitz and Stockman Have in Common ](/cato-journal/fall-2014/what-stiglitz-stockman-have-common)

By Randall G. Holcombe 

#### [Celestial Anarchy: A Threat to Outer Space Commerce? ](/cato-journal/fall-2014/celestial-anarchy-threat-outer-space-commerce)

By Alexander W. Salter and Peter T. Leeson 

#### [Rare Coin Grading: A Case of Market-Based Regulation ](/cato-journal/fall-2014/rare-coin-grading-case-market-based-regulation)

By John M. Cobin 

#### [Monetary Policy Structures ](/cato-journal/fall-2014/monetary-policy-structures)

By Milton Friedman 

#### [*Fragile by Design: The Political Origins of Banking Crises and Scarce Credit* by Charles W. Calomiris and Stephen H. Haber](/cato-journal/fall-2014/fragile-design-political-origins-banking-crises-scarce-credit-charles-w)

By Vern McKinley 

##### Book Reviews 

##### [*America’s Fiscal Constitution: Its Triumph and Collapse* by Bill White](/cato-journal/fall-2014/americas-fiscal-constitution-its-triumph-collapse-bill-white)

By [Chris Edwards](https://www.cato.org/people/chris-edwards) 

##### [*The Great Debate: Edmund Burke, Thomas Paine, and the Birth of Right and Left* by Yuval Levin](/cato-journal/fall-2014/great-debate-edmund-burke-thomas-paine-birth-right-left-yuval-levin)

By [Jason Kuznicki](https://www.cato.org/people/jason-kuznicki) 

##### [*Unstoppable: The Emerging Left-Right Alliance to Dismantle the Corporate State* by Ralph Nader](/cato-journal/fall-2014/unstoppable-emerging-left-right-alliance-dismantle-corporate-state-ralph)

By Fred L. Smith, Jr. 

##### Latest Issues 

[![Cato Journal - v41n3 - Cover](/sites/cato.org/files/styles/serial_cover_phone/public/2021-10/cj-v41n3-cover-img.jpg?itok=5oFdtHHE)](https://www.cato.org/cato-journal/fall-2021) 

[Fall 2021](/cato-journal/fall-2021)

[![Cato Journal - v41n2 - Cover](/sites/cato.org/files/styles/serial_cover_phone/public/2021-05/cj-v42n2-cover.jpg?itok=Gsu0q9wJ)](https://www.cato.org/cato-journal/spring/summer-2021) 

[Spring/​Summer 2021](/cato-journal/spring/summer-2021)

[![Cato Journal - v41n1 - Cover](/sites/cato.org/files/styles/serial_cover_phone/public/2021-01/Cover.jpg?itok=FSh0s6W_)](https://www.cato.org/cato-journal/winter-2021) 

[Winter 2021](/cato-journal/winter-2021)

[![Cato - Fall 2020 - Cover](/sites/cato.org/files/styles/serial_cover_phone/public/2020-09/cj-v40n3-cover.jpg?itok=9jXN2iCd)](https://www.cato.org/cato-journal/fall-2020) 

[Fall 2020](/cato-journal/fall-2020)