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June 17, 2021
Central Banking

It’s Time to Smash Iran’s Endemic Inflation
… its monetary liabilities. A currency board has no discretionary monetary powers and cannot issue credit. It has an exchange‐rate policy but no monetary policy. Its sole function is to exchange the domestic currency it issues for an anchor currency …
By Steve H. Hanke
June 17, 2021
Blog

The Bitcoin Law: Nayib Bukele’s Counterfeit Free Choice in Currency
By George Selgin
June 16, 2021
Reason

Federal Science Funding Won’t Accomplish Anything the Private Sector Can’t Do Better
… private research are dwarfed by their benefits. The plural of anecdote is not data; and if we are to get policy right, we should look to systematic cost‐benefit studies, not anecdotes. After the Soviets launched Sputnik in 1957, the …
By Terence Kealey
June 16, 2021
Antiwar.com

Another NATO Summit, Another Endless Subsidy for Europe
Reality will increasingly constrain Washington’s ability to defend the entire world.
By Doug Bandow
June 16, 2021
Blog

Sen. Lee Takes Aim at Passenger Vessel Protectionism
Sen. Mike Lee has introduced three pieces of legislation targeting the protectionist Passenger Vessel Services Act.
By Colin Grabow
June 15, 2021
Blog

Would a Higher Fed Funds Rate Slow the Growth of Nominal GDP?
Those now arguing in favor of a higher federal funds rate and a lower inflation rate might ultimately have to choose between those inconstant objectives.
By Alan Reynolds
June 15, 2021
Cato Daily Podcast

Biden Wants to Give IRS More Money and Power
The IRS is a broken agency with a poor record of giving advice and securing data about taxpayers. Joe Biden wants the agency to get bigger and stronger. Andrew Moylan of the National Taxpayers Union Foundation comments.
Featuring Andrew Moylan and Caleb O. Brown
June 15, 2021
The Hill

Appeals to the Abyss Are Letting China Off the Hook on Trade Violations
This dire situation in WTO dispute settlement is not the fault of either China or Australia. It is almost entirely the fault of the United States of America.
By James Bacchus
Summer 2021
Regulation

The Ignored Consequences of the Fed’s Interventions
Anyone who has followed the ups and downs of the financial sector and its fits of instability since 2007 remembers where things stood just over a decade ago.
By Vern McKinley
Summer 2021
Regulation

Privatizing Disaster Relief
The use of private contractors lessens the problems created by FEMA’s lack of experienced administrative staff, engendered by the ad hoc nature of disaster relief.
By Ike Brannon
June 15, 2021
Power Problems

The Limits of Force in Israel-Palestine
The Israeli-Palestinian conflict has erupted again, but the politics in both Israel and the United States on this longstanding issue appear to be undergoing change. Jeremy Pressman, a political scientist at the University of Connecticut and an expert on the conflict, explains the historical context of the recent outbreak in violence, argues the cycle of military force undermines the objectives of both sides, and discusses the current tensions in the U.S.-Israeli relationship.
Featuring Jeremy Pressman and John Glaser
Summer 2021
Regulation

pdf (13.56 MB)
The Problem with Politicizing Corporations
By Pierre Lemieux
June 14, 2021
Blog

Are the Republicans Switching Places with the Democrats on Trade?
Are Republicans and Democrats trading places when it comes to their views on free trade?
By Simon Lester
June 14, 2021
Responsible Statecraft

Is South Korea Beginning to Take More Responsibility for Its Own Security?
Encouraging Seoul to do more militarily was an unplanned result of the recent summit between Joe Biden and Moon Jae-in.
By Doug Bandow
June 14, 2021
National Interest (Online)

North Korea: Why the Kingdom of Kim Jong Un Can Never Be Normal
Still, it no longer makes sense to talk of preventing North Korea from developing nuclear weapons. It already has them.
By Doug Bandow