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  • June 27, 2023
    Power Problems
    The National Security Implications of Artificial Intelligence
    The National Security Implications of Artificial Intelligence
    CNAS adjunct senior fellow Elsa B. Kania breaks down the military and political implications of artificial intelligence. She discusses the scope of military applications, battlefield “singularity” and the speed of decision-making, human vs autonomous weapons systems, AI competition with China, public-private partnerships, governance of AI, and how AI should affect strategy, among other topics.
    Featuring Elsa B. Kania and John Glaser
  • June 26, 2023
    International Banker
    CBDCs Threaten Privacy
    CBDCs Threaten Privacy
    … American citizens. The most obvious problem is that involving the Fed in directly providing money to individuals would politicise monetary policy beyond anything yet seen, ultimately destroying what is left of the Fed’s political independence. Others at the Fed …
    By Peter Goettler
  • June 26, 2023
    Blog
    Book Review: The Menace of Fiscal QE
    Book Review: The Menace of Fiscal QE
    … Fed officials and others directly involved in Fed policy should heed Selgin’s warning. This piece previously stated that the Fed began paying interest on reserves in 2009. It was corrected to reflect this policy began in October of 2008
    By Romina Boccia
  • September/October 2023
    Policy Report
    Cato Studies
    Cato Studies
    … migrants at the land borders of both nations. The Taylor Rule The Federal Reserve has operated within a purely discretionary policy framework, and many economists have argued that a rules‐​based monetary policy would improve economic outcomes. The “Taylor Rule …
  • July/August 2023
    Policy Report
    Bankruptcy—Gradually, Then Suddenly?
    Bankruptcy—Gradually, Then Suddenly?
    Even if the current federal government spending trajectory was affordable in the sense that Congress would simply need to raise the taxes to pay for it, the fact that most of the growth in federal spending will go toward subsidizing consumption, rather than toward productive investments, is problematic.
    By Romina Boccia
  • June 6, 2023
    Policy Analysis
    No. 948
    The High Price of Buying American
    The High Price of Buying American
    The high price to the American people from buying American is ignored in the vast array of subsidies included in the recent Inflation Reduction Act.
    By James Bacchus
  • May 25, 2023
    Policy Analysis
    No. 947
    The Future of the WTO
    The Future of the WTO
    WTO members should not abandon their aim of liberalizing trade on a multilateral basis. But they should consider addressing the most pressing world trade issues through plurilateral agreements.
    By James Bacchus
  • May 9, 2023
    Policy Analysis
    No. 946
    Course Correction
    Course Correction
    The U.S.-China relationship is increasingly complex and is the top geopolitical issue facing the world today.
    By Clark Packard and Scott Lincicome
  • April 25, 2023
    Policy Analysis
    No. 944
    Balance of Trade, Balance of Power
    Balance of Trade, Balance of Power
    The U.S. trade deficit is a misunderstood symbol of U.S. economic strength and influence in the world.
    By Daniel Griswold and Andreas Freytag
  • April 4, 2023
    Policy Analysis
    No. 941
    Central Bank Digital Currency
    Central Bank Digital Currency
    There is no reason for the federal government to issue a CBDC when the costs are so high and the benefits are so low. Congress should ensure that the federal government does not issue a CBDC.
    By Nicholas Anthony and Norbert Michel
  • March 7, 2023
    Policy Analysis
    No. 940
    Uncle Sucker
    Uncle Sucker
    Since roughly 1960, the United States has averaged about 36 percent of allied GDP but more than 61 percent of allied defense spending.
    By Justin Logan
  • December 7, 2022
    Policy Analysis
    No. 938
    Keeping North Carolina’s Housing Affordable
    Keeping North Carolina’s Housing Affordable
    If it fails to reform housing regulation, North Carolina risks going down the path that leads to exploding housing prices, slower growth, and increased poverty and homelessness.
    By Michael D. Tanner
  • November 9, 2022
    Policy Analysis
    No. 936
    The Black Hole of National Security
    The Black Hole of National Security
    After decades of disuse, costly “national security” trade restrictions have proliferated, aided largely by a troublesome loophole in global trade rules.
    By James Bacchus
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