Introducing Defending Globalization, a new Cato Institute Project
Scott Lincicome Today we’re launching a new multi‐year, multimedia Cato project — Defending Globalization. The last few years have witnessed renewed criticism from the left and the right — in the United States and abroad — on the relatively free movement of
No, Governor, Rights Are NOT Governmental-Issued Privileges that You Can Suspend
On Friday, September 8, Michelle Lujan Grisham, the governor of New Mexico, announced a new public health order suspending the right to carry firearms in Albuquerque and Bernalillo County for at least thirty days. The New Mexico governor announced the thirty-day
Three Reasons Why Military Recruitment Is in Crisis
By the middle of 2022, it was already become apparent that the US military was having problems meeting recruitment goals. In August last year, The AP reported that the Army would have to cut force size, and an army spokesman
Lots of Red Ink at the Fed
The Federal Reserve has officially reported a loss of $57 billion for the first six months of 2023. Quite a number! So the “Federal Reserve Banks Combined Quarterly Financial Report as of June 30, 2023” (CQFR)—a little-known document—is especially notable
No, Small Countries Are Not at an Economic Disadvantage
Being large doesn't make a country wealthy, nor does being small shrink a country's economy. Original Article: "No, Small Countries Are Not at an Economic Disadvantage"
Dollarization’s Critics Are Ignoring the Evidence
Daniel Raisbeck and Gabriela Calderon de Burgos After paying little attention to dollarization in Latin America for over two decades, the international press suddenly features regular commentary on the subject. This is a result of Argentina’s primary elections of August 13, when
San Francisco Loses Tens of Millions of Dollars on Cable Car Service
Marc Joffe If you’ve visited San Francisco recently, you know that a ride on the city’s famous cable cars is not cheap. The standard fare is $8 (regardless of distance) and an average trip is less than a mile and a half. I used to
Welcome to the Twenty-First Century American Bankruptcy Show
Many historians labeled the twentieth century as the American century, with many metrics used. The end of the Cold War in 1989 and the fall of the Union of Soviet Socialist Republics in December 1991 changed world affairs: several new
Google’s Antitrust Trial Starts: What’s at Stake and Why This Case Matters
Jennifer Huddleston The antitrust cases against Google brought by the Department of Justice (DOJ) and several state attorneys general begin today. This is the first of the major cases against the “big tech” companies to go to trial. But are these cases
What Mises Really Thought about Fascism
When Mises wrote that the fascists had "saved European civilization," he could have been describing Francisco Franco of Spain, who kept Spain from becoming a communist dictatorship. Original Article: "What Mises Really Thought about Fascism"