Cato Event Podcast

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In the wake of the financial crisis, commentators have suggested a transaction tax (Tobin tax) on financial markets. The potential consequences of such a tax could be hazardous to the financial markets affected, as well as to the economy. Professor Wang, in a recent Cato paper, reviewed the relevant theoretical and empirical literature and applied these findings to estimate the possible impact of...

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The basis for EPA’s increasingly expensive regulation of greenhouse gases is their “Finding of Endangerment” from carbon dioxide and other greenhouse gases. With regard to the climate of the United States, it is largely based on one document, called “Global Climate Change Impacts in the United States,”, published by the U.S. Global Change Research Program (USGCRP). Patrick J. Michaels, director of...

With immigration reform once again on Congress’s near horizon, many proposals take as a given that there should be “internal enforcement” of immigration law through federal background checks on all workers. But the E-Verify system and proposals for a national E-Verify mandate are shot through with complications and challenges. Costs to businesses and workers will mount. Citizens, both natural-born...

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The euro crisis has exposed deep structural flaws in the functioning of the common currency and put pressure on the cohesion of the European Union as a whole. Stagnant growth, and rising unemployment and public dissatisfaction are threatening to undermine the European project. Conventional wisdom holds that deeper political integration is needed in order to preserve and strengthen the European Uni...

Richard Gamble's book, In Search of the City on a Hill: the Making and Unmaking of an American Myth , helps make sense of exceptionalism's evolution. Gamble traces the “city on a hill” metaphor, from Puritan leader John Winthrop, who took it from the gospels, to its reincarnation in the 20th century as an explicitly political idea at the heart of foreign policy debates. Historians Walter McDougall...

The Supreme Court's ruling last June was only the end of the beginning as far as Obamacare litigation is concerned. Myriad lawsuits unrelated to the individual mandate have continued and — following Nancy Pelosi's advice to dig deeper into what's in the law — others have been filed based on new developments. Issues range from employer mandates to the constitutionality of Chief Justice...

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The Constitution gives Congress the power to establish copyrights “to promote the Progress of Science and useful Arts.” This would require Congress to engage in a delicate balancing act, giving authors enough protection to motivate their creation of expressive works, but not so much that it hampers innovation and access to information. Copyright Unbalanced makes the case that Congress has not stru...