Cato Journal

1981 - 2016

Current editor(s): James A. Dorn

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Volume 34, issue 3, 2014

Euro Imbalances and Adjustment: A Comparative Analysis pp. 453-482

Leszek Balcerowicz

Lessons from China's Great Famine pp. 483-490

Mao Yushi

Equality, Justice, and Freedom: A Constitutional Perspective pp. 491-517

James A. Dorn

Current Lessons from the Past: How the Fed Repeats Its History pp. 519-539

Allan Meltzer

The Financial Crisis: Why the Conventional Wisdom Has It All Wrong pp. 541-556

Richard Kovacevich

Dodd-Frank's Expansion of Fed Power: A Historical Perspective pp. 557-567

Norbert Michel

What Stiglitz and Stockman Have in Common pp. 569-579

Randall Holcombe

Celestial Anarchy: A Threat to Outer Space Commerce? pp. 581-596

Alexander Salter and Peter Leeson

Rare Coin Grading: A Case of Market-Based Regulation pp. 597-630

John M. Cobin

Monetary Policy Structures pp. 631-656

Milton Friedman

Book Review -- America's Fiscal Constitution: Its Triumph and Collapse pp. 657-660

Chris Edwards

Book Review -- The Great Debate: Edmund Burke, Thomas Paine, and the Birth of Right and Left pp. 660-664

Jason Kuznicki

Book Review -- Fragile by Design: The Political Origins of Banking Crises and Scarce Credit pp. 664-669

Vern McKinley

Book Review -- Unstoppable: The Emerging Left-Right Alliance to Dismantle the Corporate State pp. 669-676

Fred L. Smith, Jr.

Volume 34, issue 2, 2014

Editor's Note pp. 1-3

James A. Dorn

A Limited Central Bank pp. 201-211

Charles Plosser

A Century of Central Banking: What Have We Learned? pp. 213-227

Jerry L. Jordan

Operation Twist-the-Truth: How the Federal Reserve Misrepresents Its History and Performance pp. 229-263

George Selgin

The Need for a Price Stability Mandate pp. 265-279

Athanasios Orphanides

The Troubling Suppression of Competition from Alternative Monies: The Cases of the Liberty Dollar and E-gold pp. 281-301

Lawrence White

Clearing House Currency pp. 303-314

Richard H. Timberlake

Nominal GDP Targeting: A Simple Rule to Improve Fed Performance pp. 315-337

Scott Sumner

Fed versus Market Regulation pp. 339-344

Rep. Jeb Hensarling

Market Discipline Beats Regulatory Discipline pp. 345-352

Rep. John A. Allison

How Should Financial Markets Be Regulated? pp. 353-388

Kevin Dowd and Martin Hutchinson

The Case for a Centennial Monetary Commission pp. 389-394

Rep. Kevin Brady

Prospects for Fundamental Monetary Reform pp. 395-405

Rep. Gerald P. O'Driscoll

Why the Fed's Monetary Policy Has Been a Failure pp. 407-415

R. David Ranson

The Federal Reserve and the Dollar pp. 417-433

Lewis E. Lehrman

Book Review -- Rise of the Warrior Cop: The Militarization of America's Police Forces pp. 435-451

Jonathan Blanks

Book Review -- Foreign Policy Begins at Home: The Case for Putting America's House in Order pp. 438-442

Travis Evans

Book Review -- Why Capitalism? pp. 442-444

Tom G. Palmer

Book Review -- Change They Can't Believe In: The Tea Party and Reactionary Politics in America pp. 444-451

Emily McClintock Ekins

Volume 34, issue 1, 2014

The Coasean Framework of the New York City Watershed Agreement pp. 1-32

Geoffrey Black, D. Allen Dalton, Samia Islam and Aaron Batteen

Marginal Tax Rates and U.S. Growth: Flaws in the 2012 CRS Study pp. 33-46

Jason E. Taylor and Jerry L. Taylor

State Fiscal Policies for Budget Stabilization and Economic Growth: A Dynamic Scoring Analysis pp. 47-81

John Merrifield and Barry W. Poulson

The Medical Care Cost Ratchet pp. 83-98

Andrew Foy, Christopher Sciamanna, Mark Kozak and Edward J. Filippone

Forecast Bias of Government Agencies pp. 99-112

Robert Krol

A Fresh Look at Climate Change pp. 113-128

Paul Ballonoff

Contingent Liability, Capital Requirements, and Financial Reform pp. 129-144

Joshua Hendrickson

The Explicit Costs of Government Deposit Insurance pp. 145-170

Thomas Hogan and William Luther

Pathological Altruism and Pathological Regulation pp. 171-183

Paul Rubin

Book Review - Free Market Revolution: How Ayn Rand’s Ideas Can End Big Government pp. 185-188

Trevor Burrus

Book Review - Political Bubbles: Financial Crises and the Failure of American Democracy pp. 189-193

Mark A. Calabria

Book Review - The Bet: Paul Ehrlich, Julian Simon, and Our Gamble over Earth's Future pp. 193-196

Patrick J. Michaels

Book Review - The Great Rent Wars: New York 1917-1929 pp. 196-199

Peter Van Doren

Volume 33, issue 3, 2013

Editor's Note pp. 1-1

James A. Dorn

Anna Jacobson Schwartz: In Memoriam pp. 321-332

George Tavlas

Monetary Policy during the Past 30 Years with Lessons for the Next 30 Years pp. 333-345

John Taylor

Fed Policy: Good Intentions, Risky Consequences pp. 347-357

Charles Plosser

The Conduct of Monetary Policy pp. 359-363

Kevin Warsh

The Fed Needs to Change Course pp. 365-377

David Malpass

Avoiding the Next Crisis: Can Central Banks Learn? pp. 379-389

Robert L. Hetzel

Should Policy Attempt to Avoid Financial Crises? pp. 391-399

Jeffrey Miron

What's Wrong with the Fed? What Would Restore Independence? pp. 401-416

Allan Meltzer

Federal Reserve Independence: Reality or Myth? pp. 417-435

Thomas F. Cargill and Gerald P. O'Driscoll

Balance Sheet Crises: Causes, Consequences, and Responses pp. 437-470

Steven Gjerstad and Vernon Smith

Antifragile Banking and Monetary Systems pp. 474-484

Lawrence White

The Case for Simple Rules and Limiting the Safety Net pp. 485-489

Thomas Hoenig

The Gold Standard, the Euro, and the Origins of the Greek Sovereign Debt Crisis pp. 491-520

Harris Dellas and George Tavlas

Why the Euro Failed and How It Will Survive pp. 521-534

Pedro Schwartz

The Euro at a Crossroads pp. 535-540

Wolfgang Münchau

Lessons from the European Crisis pp. 541-562

Jürgen Stark

The Renminbi's Prospects as a Global Reserve Currency pp. 563-570

Eswar Prasad and Lei Ye

Does Internationalizing the RMB Make Sense for China? pp. 571-585

Yukon Huang and Clare Lynch

Capital Freedom in China as Viewed from the Evolution of the Stock Market pp. 587-601

Zhiwu Chen

Book Review - The Immigrant War pp. 603-607

Alex Nowrasteh

Book Review - Africa's Third Liberation: The New Search for Prosperity and Jobs pp. 607-610

Marian L. Tupy

Book Review - Two Cheers for Anarchism: Six Easy Pieces on Autonomy, Dignity, and Meaningful Work and Play pp. 610-613

Jason Kuznicki

Book Review - How China Became Capitalist pp. 613-619

James A. Dorn

Volume 33, issue 2, 2013

Editor's Note pp. 1-1

James A. Dorn

Introduction: Europe's Crisis and the Welfare State pp. 187-191

Michael D. Tanner

Europe and the United States: On the Fiscal Brink? pp. 193-210

Jagadeesh Gokhale and Erin Partin

Is America Becoming Greece? pp. 211-225

Michael D. Tanner

Diminishing Quality of Fiscal Institutions in the United States and European Union pp. 227-232

Thomas Grennes

Lessons from Europe's Debt Crisis for the United States pp. 233-243

Desmond Lachman

Is Austerity the Answer to Europe's Crisis? pp. 245-251

Veronique de Rugy

Choosing the Best Policy Mix to Cure Europe's Stagnation pp. 253-261

Pascal Salin

Challenges for the German Welfare State before and after the Global Financial Crisis pp. 263-267

Mark Hallerberg

Estonia and the European Debt Crisis pp. 269-274

Juhan Parts

The Welfare State as an Underlying Cause of Spain's Debt Crisis pp. 275-285

Pedro Schwartz

Market Failures, Government Solutions, and Moral Perceptions pp. 287-297

Dwight R. Lee and J. R. Clark

Canada's Fiscal Reforms pp. 299-306

Chris Edwards

Book Review - Red Ink: Inside the High-Stakes Politics of the Federal Budget pp. 307-311

Daniel J. Mitchell

Book Review - The Righteous Mind: Why Good People Are Divided by Politics and Religion pp. 311-316

Aaron Ross Powell

Book Review - Curbing Campaign Cash: Henry Ford, Truman Newberry, and the Politics of Progressive Reform pp. 316-319

John Samples

Volume 33, issue 1, 2013

Is Public Expenditure Productive? Evidence from the Manufacturing Sector in U.S. Cities, 1880-1920 pp. 1-28

Melissa Yeoh and Dean Stansel

Providing Access to Electricity for the Unserved: A Free-Market Solution pp. 29-46

Paul Ballonoff

Brazilian Land Tenure and Conflicts: The Landless Peasants Movement pp. 47-75

Carlos Barros, Ari Francisco de Araujo, João Ricardo Faria and João Ricardo Faria

The Role of China in the U.S. Debt Crisis pp. 77-89

James A. Dorn

Diminishing Quality of Fiscal Institutions in the United States and European Union pp. 91-109

Thomas Grennes

Economic Freedom and Financial Development: International Evidence pp. 111-126

Rik Hafer

School Choice and Development: Evidence from the Edgewood Experiment pp. 127-142

John D. Merrifield and Nathan L. Gray

Incredible Commitments: Why the EMU Is Destroying Both Europe and Itself pp. 143-154

George Selgin

IMF Subsidies, Cancellations, and Resumptions: New Empirical Evidence pp. 155-170

Adrian Urbaczka and Roland Vaubel

Book Review: Kill or Capture: The War on Terror and the Soul of the Obama Presidency pp. 171-175

Benjamin H. Friedman

Book Review: Knowledge and Cooperation: A Liberal Interpretation pp. 176-181

Richard L. Gordon

Book Review: The Case for Polarized Politics: Why America Needs Social Conservatism pp. 181-185

David Lampo