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The Fire Next Door: Mexico's Drug Violence and the Danger to America

January 1, 1970 in Economics

In his compelling new book, Ted Galen Carpenter details the growing horror overtaking Mexico and explains how the current U.S.-backed strategies for trying to stem Mexico’s drug violence have been a disaster. The only effective strategy, says Carpenter, is to defund the Mexican drug cartels by abandoning the failed drug prohibition policy, thereby eliminating the lucrative black-market premium and greatly reducing the financial resources of the drug cartels.

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Source: CATO HEADLINES

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Military Spending Cuts No Reason to Compromise on Taxes

January 1, 1970 in Economics

In recent days, several senior Republicans have allowed that they
would be willing to compromise on a pledge they made to oppose tax
increases. At least one of those lawmakers, Senator Lindsey Graham,
has said that he would negotiate on “revenue generation” because he
is unwilling to let sequester budget
cuts
“destroy the United States military.” But Cato scholars
have long
argued
that the proposed cuts in military spending would allow
the United States to maintain a substantial margin of military
superiority, and would in fact
pay dividends
for the U.S. economy over the long run.

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Source: CATO HEADLINES

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How Fossil Fuels Saved Humanity from Nature and Nature from Humanity

January 1, 1970 in Economics

Until the last quarter of a millennium, mankind depended on living nature for all its food and clothing, most of its energy, and much of its material and medicines. Then mankind began to develop technologies to augment or displace living nature’s uncertain bounty. In a new study, author Indur Goklany shows how fossil fuels not only saved humanity from nature’s whims, but nature from humanity’s demands.

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Source: CATO HEADLINES

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Has the Fed Been a Failure?

January 1, 1970 in Economics

As the one hundredth birthday of the Federal Reserve System
approaches, it seems appropriate to once again take stock of our
monetary system. In the latest issue of Cato
Policy Report
, economists George Selgin, William D. Lastrapes,
and Lawrence H. White survey
the relevant research and
conclude
that the Federal Reserve System has not lived up to
its original promise. Also in this issue, new president John A. Allison shares his
thoughts on joining the Cato Institute
.

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Source: CATO HEADLINES

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An Inexorable March to Legalization?

January 1, 1970 in Economics

With new laws legalizing marijuana use on the books in Colorado and Washington, everyone is waiting to
see how the Justice Department will react. Meanwhile, House
legislation has been introduced to get the feds to back off states
that pass legalization measures. A
new Cato study
and a forum
featuring the former DEA chief
examine where marijuana laws are
headed nationwide.

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Source: CATO HEADLINES