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The Federal Reserve continues to walk the thin line of what the Wall Street Journal called it's "bipolar mandate": full employment and stable prices. To the extent that the Fed can accomplish anything positive where the economy is concerned, it should focus on monetary policy, not the social welfare experiments that its latest round of quantitative easing represents. Cato scholar Mark A. Calabria argues that recent moves by Congress to remove the Fed's mandate to try and fix the unemployment problem would "force the Fed to focus on the only thing it really has any influence over: inflation."
The head of the Transportation Security Administration said on Monday that the agency would consider changes to its new security measures if it found that they went too far. Air travelers now face a few bad choices: Submit to the body scanner, endure an invasive manual pat-down or accept an $11,000 civil fine. Cato scholar David Rittgers argues the scanners aren't worth the cost in money -- let alone in civil liberties. Adds Jim Harper, "The TSA should be abolished and responsibility for security restored to airlines and airports."
In the latest issue of
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The Struggle to Limit Government
This book assesses the highs and lows of the nearly 30-year struggle to limit government—Reagan's successes and failures, the drift away from Reagan's legacy, and George W. Bush's rejection of limited government—and concludes that the last elections were a repudiation of the failed Bush presidency, not limited government.
The Right to Earn a Living
For many people, owning a business is the American dream, but attaining that dream has grown increasingly difficult due to laws and regulations that interfere with an individual's right to earn a living. Timothy Sandefur, who has defended many citizens against government restrictions on their economic liberty, charts the history of this fundamental right and its prospects for the future.
Cato Supreme Court Review
Now in its ninth year, this acclaimed annual publication brings together leading national scholars to analyze the Supreme Court's most important decisions from the term just ended and preview the year ahead.
From audio recordings of the best of Cato's events to articles by world-class experts, CatoAudio, Regulation and Cato Journal offer an amazing range of quality news and analysis.