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European leaders on Friday agreed to a deal to to try to resolve the continent's debt crisis, though Britain and three other countries refused to support the agreement. The broad plan includes changes to promote more fiscal discipline, a strengthening of the current European bailout fund, and additional support for Italian and Spanish bonds to ensure that those two countries are not driven into default. Cato scholar Johan Norberg has long argued for long-term debt reduction plans and reforms to get back to growth: "Hope is fighting a losing battle against arithmetic," says Norberg. "Sooner or later Europe has to stop throwing bad euros after good euros."
More than 40 years ago, Congress passed the Fair Credit Reporting Act, which sought to improve the operations of the credit reporting industry. The lesson of the past four decades is that information regulation—in the name of credit reporting fairness, privacy, or whatever goal—is complex and value-laden. In a new paper, Cato scholar Jim Harper argues, "When it comes to contemporary issues like online privacy, lovers of the Internet and of freedom should recognize that combining the two—the Internet and freedom—is the best way to reconcile competing values. Top-down, centralized control of the information economy and society is not the better way forward."
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Cato Supreme Court Review
Now in its 10th 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.
Climate Coup
A first-rate team of experts offers compelling documentation on the pervasive influence global warming alarmism now has on almost every aspect of our society--from national defense, law, trade, and politics to health, education, and international development.
Schools for Misrule
This new book reveals how our nation's law schools have become a hatchery of bad ideas, many of which confer power and status on the schools' graduates and faculty, as law comes to pervade more areas of life.
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