Cato Event Podcast

The Constitution gives the federal government no authority to govern education, and numerous laws prohibit Washington from influencing school curricula. How has the federal government gotten around these barriers? Primarily by attaching demands to federal money, which is exactly what it did to get states to adopt the supposedly “state-led" and "voluntary" Common Core curriculum standards. This unprecedented drive to national uniformity is dangerous for many reasons, not the least of which is that it puts Washington in control of what almost all schools teach. But just as the federal government has been the most powerful entity behind forced standardization, it is also the key to halting it.

Purchase book"India grows at night while the government sleeps" is an Indian expression referring to the country's impressive economic rise despite the presence of a large, burdensome state. Gurcharan Das will explain how India's story of private success and public failure is not sustainable and that the country's recent growth slowdown signals the need for a strong liberal state that would ensure accountability, perform limited and well-defined functions, and base itself on the rule of law. Swami Aiyar will discuss contemporary Indian society and the prospects of Das's proposals.

Finance and Economic Opportunity

The H1B Effect on Local Jobs and Productivity

Evaluating Policies to Prevent Another Foreclosure Crisis: An Economist's View

Off-Balance Sheet Federal Liabilities

Top officials in the U.S. government, the International Monetary Fund, and the European Union blame Europe’s ills on fiscal austerity and advise Europeans to pursue stimulus spending or delay spending cuts. Simeon Djankov and Anders Aslund will show how the evidence counters that prevailing view. Countries that have reined in their spending are growing briskly while the profligate founder. Aslund will discuss why the level of debt and access to international markets still matter to responsible fiscal policy; Djankov will explain why Europe badly needs a growth plan that includes reducing the burden of regulation. Both speakers will explain why Europeans should focus on policy reform rather than devaluation or exit from the Euro. Download "The Problem with Europe's Austerity Debate" from Anders Aslund (Powerpoint Presentation)Download "Saving the Euro" by Simon Djankov (Powerpoint Presentation)

Purchase book A common argument for intervening abroad is to alleviate potential or existing human suffering. Repeatedly, however, state-led humanitarian efforts have failed miserably. Why do well-funded, expertly staffed, and well-intentioned humanitarian actions often fall short of achieving their desired outcomes, leaving some of the people they intended to help worse off? Why are well-meaning countries unable to replicate individual instances of success consistently across cases of human suffering? Using the tools of economics, Dr. Christopher Coyne’s new book, Doing Bad by Doing Good: Why Humanitarian Action Fails, shifts the discussion from the moral imperative of how governments should behave to a positive analysis of how they actually do. Coyne examines the limits of short-term humanitarian aid and long-term development assistance, the disconnect between intentions and reality, and why economic freedom—protection of property rights, private means of production, and free trade of labor and goods—provides the best means for minimizing human suffering. Join us as experts discuss this hotly debated topic.

The IRS scandal—rooted in campaign finance regulation and the desire to suppress political speech—will remain on the national agenda for some time. The federal bureaucracy appears to be out of control in attacking and intimidating critics of the government. How did such abuse come about? Is the IRS at odds with the First Amendment? Cato scholars John Samples and Trevor Burrus will provide answers and argue that even if there were no scandal, the threat to free speech and limited government would remain.

Despite increasing population, global food production per capita is at all-time highs, even as the amount of agricultural land is reaching new lows. The prime driver has been technology, beginning with the Green Revolution of the 1960s, when Norman Borlaug discovered the key to high-yielding wheat. Since then, "slow" genetics has been replaced by DNA-splicing, giving rise to fears of genetic "mistakes" damaging the world food supply or resulting in inadvertent harm to consumers. Jon Entine and Kevin Folta embrace these innovations, promoting genetic literacy and post-modern agriculture. At this forum they will answer the charge that biotechnology is "a Brave New World of agriculture."

Five years ago, the Supreme Court issued its landmark decision in District of Columbia v. Heller. By a 5-4 vote, the Court ruled that the strict gun-control laws in the nation’s capital—which amounted to a complete ban on any usable weapon for self-protection, even in the home—were unconstitutional. The Court finally confronted a long-simmering controversy over the scope of the Second Amendment and declared that, yes, that amendment does secure an individual the right to keep and bear arms. Now, five years later, with gun controls being debated both in the Congress and state legislatures, it is a good time to assess the impact of the Heller precedent. Please join us for a wide-ranging discussion of the Second Amendment, self-defense, and the right to keep and bear arms.

Congress may pass a major farm bill re- authorization this year for the first time since 2008. Farm bill supporters claim that draft bills in the House and Senate would save taxpayers billions of dollars, but that isn't the case. The bills would eliminate so-called direct payments to farmers, but the savings would be plowed into new subsidy programs and higher guaranteed prices for certain crops. What can be done to reform costly farm subsidies that harm agricultural markets and damage the environment? Chris Edwards, Scott Faber, Andrew Moylan, and Josh Sewell will discuss the impact of farm programs on taxpayers and the environment and suggest possible reform steps.

The End Is Near and It’s Going to Be Awesome: How Going Broke Will Leave America Richer, Happier, and More Secure

As the United States continues its use of drone technology overseas, the potential for increased domestic drone use has also begun to raise serious concerns. Sen. Rand Paul's (R-KY) recent filibuster on the topic brought widespread public attention to the issue and lawmakers are now beginning to ask important questions; namely, is use of this technology for surveillance appropriate and, if so, what risks will a drone program pose to civil liberties and individual privacy? What are the appropriate legal limits on overseas use, and are those limits being followed? Please join Cato Institute scholars Ben Friedman and Julian Sanchez, and journalist Spencer Ackerman, as they examine the current state of U.S. drone policy at home and overseas, whether this technology is good for the country, and what the future looks like for drone use.

A century after the creation of the Federal Reserve and two generations after Congress gave the Fed a dual mandate for price stability and full employment, the Fed's extraordinary actions since 2008 have raised questions about the appropriate role for the Fed and the monetary policy that the Fed should pursue to ensure a strong U.S. economy throughout the 21st century. Rep. Kevin Brady (R-TX), chairman of Congress's Joint Economic Committee, is at the forefront of this debate. He will be discussing his proposals both for monetary reform (Sound Dollar Act) and for a bipartisan Centennial Monetary Commission to review the Fed's performance and make recommendations for its role in the future.