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Cato scholars have already explained how the fiscal cliff tax increases will have a harmful impact on incentives to work, save, invest and create jobs. But Cato scholar Daniel J. Mitchell says that going over the fiscal cliff isn't nearly as big of a crisis as the ticking time bomb of entitlement programs and the welfare state. "If government keeps growing faster than the private economy," says Mitchell, "at some point America will experience a Greek-style fiscal collapse."
North Korea is on the verge of launching another rocket this month, a move that the United States has called "a highly provocative act that threatens peace and security in the region." No doubt the North is pleased with this reaction. But Cato scholar Doug Bandow argues that instead of encouraging Pyongyang's recklessness through acknowledgement, Washington and its allies should have responded with a collective yawn.
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Cato depends solely on tax-deductible contributions from Sponsors who share our commitment to a free and prosperous society. When you support the Cato Institute, you are not just a contributor, you are a colleague. You'll be sent the latest Cato publications, reports, newsletters, and invitations to Cato events. You aren't merely supporting our mission, you become a part of Cato.
The Financial Crisis and the Free Market Cure: Why Pure Capitalism is the World Economy's Only Hope
Did Wall Street cause the mess we are in? Should Washington place stronger regulations on the entire financial industry? Can we lower unemployment rates by controlling the free market? The answer is NO.
The Libertarian Vote: Swing Voters, Tea Parties, and the Fiscally Conservative, Socially Liberal Center
Squarely in the center of the electorate is a substantial number of voters with the power to decide elections: libertarians.
False Idol: Barack Obama and the Continuing Cult of the Presidency
A highly compelling examination of both the Obama administration and our fixation on the fable of being led, comforted, and delivered by a presidential savior.
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