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History has shown that monetary stability — money growth consistent with a stable and predictable value of money — is an important determinant of economic stability. As capital markets become more sophisticated, they are simultaneously more crucial to the functioning of a complex economy and more difficult for policymakers to understand. Cato's analysts study the workings of the capital markets, the value of free flows of capital, and the burdens imposed on markets by regulation.
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Schools for Misrule: Legal Academia and an Overlawyered America
From Barack Obama (Harvard and Chicago) to Bill and Hillary Clinton (Yale), many of our current national leaders emerged from the rarefied air of the nation's top law schools. The ideas taught there in one generation often shape national policy in the next.
The False Promise of Green Energy
This new work offers an outstanding, nearly unprecedented evaluation of claims by green energy and green jobs proponents that we can improve the economy and the environment, almost risk free, by spending billions of dollars on what are ultimately false promises.