Cato Event Podcast

Trust and reputation are central to the operation of capital markets. But in our generation, reputational mechanisms are failing; and when they fail, markets and societies are also at risk of failure. The usual response has been to call for more aggressive regulation, yet this only worsens the problem, as Jonathan Macey shows in his new book. There, he demonstrates how and why poorly considered re...

As the United States continues its use of drone technology overseas, the potential for increased domestic drone use has also begun to raise serious concerns. Sen. Rand Paul's (R-KY) recent filibuster on the topic brought widespread public attention to the issue and lawmakers are now beginning to ask important questions; namely, is use of this technology for surveillance appropriate and, if so, wha...

A century after the creation of the Federal Reserve and two generations after Congress gave the Fed a dual mandate for price stability and full employment, the Fed's extraordinary actions since 2008 have raised questions about the appropriate role for the Fed and the monetary policy that the Fed should pursue to ensure a strong U.S. economy throughout the 21st century. Rep. Kevin Brady (R-TX), cha...

Join us for a non-technical primer on risk and cost-benefit analysis with applications to policies ranging from homeland security to climate change. Our panel will consider key issues as probability neglect, cost neglect, and acceptable risk. In general, the place to begin is not with the perennial question, “Are we safer?” but rather with the rarely asked, “How safe are we?” Increases in domestic...

The OPEC cartel has been the key actor in world crude oil markets for four decades and counting. Even so, there is a surprising amount of disagreement about the nature of OPEC’s influence on oil markets. In a new study published by Securing America’s Future Energy (SAFE), authors Andrew Morriss and Roger Meiners survey the academic literature and conclude that OPEC is an unstable cartel that has,...

This book reviews nine Supreme Court cases and decisions that dealt with monetary laws, together with a summary history of monetary events and policies — notably, the gold standard and the Federal Reserve System — as they were affected by the Court’s decisions. Several cases and decisions had notable consequences for the monetary history of the United States, and some were blatant misj...

How does the Gang of Eight immigration bill reform guest worker visas? How will those reforms affect the rest of the immigration system? How else can guest worker visas be tweaked to improve the outcomes? These vital questions must be answered so that the guest worker visa program provides the maximum benefit to the American economy. A robust and large guest worker visa program will accomplish two...

With what appears to be a never-ending fiscal crisis in Europe, it would be tempting to conclude that every country in Europe is at the risk of impending failure. Such a conclusion would be false. In the middle of Europe lies one country, Switzerland, where moderate taxes and regulation have not strangled innovation. R. James Breiding, author of Swiss Made: The Untold Story behind Switzerland’s Su...

On February 4, 2013, NBC News obtained a confidential Justice Department white paper detailing the Obama administration’s legal justification for the targeted killing of American citizens abroad. The leak called attention to a discernible shift in the “War on Terror” and how America wages it. The U.S. government has yet to disclose the number of drone strikes launched, the number of people killed,...

In At the Brink , economist John Lott argues that the Obama administration’s policies are destroying what has been a health care system that has been the envy of the world. Furthermore, Obama inherited a severe recession, but the spectacular “stimulus” spending with which Obama launched his presidency not only has failed to help the economy—it has poisoned it, slowing the recovery. His positions o...

Is it possible to reduce the risk of protectionist influence in health, safety, and environmental regulation? Should international law prohibit domestic regulations that unnecessarily inhibit trade? A new Cato Policy Analysis says the answer is "yes" and calls on policymakers and activists to be more cautious of domestic industry influence. Our distinguished panel will discuss the political origin...

Is the United States moving toward legal equality between gay and straight couples? What does the U.S. Constitution have to say about the question? And should the Republican Party, long committed to opposing marriage equality, rethink its position? This panel will examine these questions as well as the shifting politics of support for marriage equality after several state initiatives passed in the...

When Calvin Coolidge became president in 1923, the top personal income tax rate was 77 percent. The national debt had risen from $1.5 billion in 1916 to $33 billion in 1919 — in large part due to America’s entry into World War I. Together with his treasury secretary, Andrew Mellon, Coolidge cut the top personal income tax rate to 24 percent and dramatically reduced government spending. The economy...

In Juche Strong , director Rob Montz examines the propaganda apparatus that exists in North Korea, the underlying Juche philosophy of national “self-reliance” that fuels it, and the pivotal role it plays in the continued existence of the secretive country. Montz argues that a collective sense of purpose instilled by cradle-to-grave propaganda has been key to sustaining the country, and has created...

The Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 was intended to “promote the financial stability of the United States by improving accountability and transparency in the financial system, to end ‘too big to fail,’ to protect the American taxpayer by ending bailouts, to protect consumers from abusive financial services practices, and for other purposes.” The law is extraordina...

The December 2001 Bonn Agreement proclaimed the international community’s determination to “end the tragic conflict in Afghanistan and promote national reconciliation, lasting peace, stability and respect for human rights in the country.” Over a decade later, while access to health care and education has improved, the central government in Kabul remains corrupt and incapable of exerting control ov...

The Great Deformation is a searing look at Washington's fiscal crisis. It counters conventional wisdom with an 80-year revisionist history of how the American state — especially the Federal Reserve — has fallen prey to the politics of crony capitalism and the ideologies of fiscal stimulus, monetary central planning, and financial bailouts. David Stockman points a finger at Franklin Roo...

The United States government practices surprisingly comprehensive surveillance of air travel, amassing data about the comings and goings of all Americans who fly. By April 2, the Transportation Security Administration will either have begun a public comment process on its policy of putting travelers through imaging machines that can see under their clothes, or it will be in clear violation of a D....

The Obama administration’s recent large-scale legislative initiatives, The Wall Street Reform and Consumer Protection Act (Dodd-Frank) and the Patient Protection and Affordable Care Act, have a significant theme in common. Both acts rely on unelected and unsupervised bodies to oversee and enact new laws — a trend that threatens both our political and our economic liberties. Our panelists wil...

Is the United States moving toward legal equality between gay and straight couples? What does the U.S. Constitution have to say about the question? And should the Republican Party, long committed to opposing gay marriage, rethink its position? Two of the nation’s best-known advocates on the issue — Evan Wolfson, widely seen as the master strategist behind the movement for same-sex marriage, and Ke...

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What impact has immigration had on the U.S. economy over these last few decades? How will immigration reform change the economy for native-born Americans? With few exceptions, immigrants expand the size of the economic pie by creating businesses and expanding the scope and quantity of economic production—with mostly positive affects on Americans. To understand this complex phenomenon, different ty...

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Cuba’s Castro dictatorship has clung to power for more than five decades. As the regime ages and the outside sources of finance that buttress it are put in jeopardy, a new generation of Cubans is using the Internet to dissent against the pervasive lack of freedom and opportunity in their country. Prominent Cuban dissident writers Yoani Sanchez and Orlando Luis Pardo Lazo — recently given per...

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