Cato Event Podcast

Dramatic improvements in robotics, artificial intelligence, additive manufacturing (3D printing), and nanoenergetics are dramatically changing the character of global conflicts. The convergence of these new and improving technologies increases the capabilities available to smaller and smaller political entities—extending even to the individual. In a new Cato Policy Analysis author T. X. Hammes explores these developments and ponders their impact on U.S. national security. How should policymakers and military planners take these changes into account as they consider future policies? And in what ways do the convergence of technologies and the proliferation of new military capabilities challenge the conventional wisdom surrounding how to fight—and even whether to fight? The author will present his findings, followed by comments and questions from our distinguished panelists. Hosted on Acast. See acast.com/privacy for more information.

Since Milton Friedman, school choice proponents have argued that vouchers and other private choice programs would improve student performance, and nearly every “gold-standard” study has found they do – until now. Recent studies of Louisiana’s voucher program have found that it actually reduced students’ performance on standardized tests. Why? In this forum top experts will discuss several possible reasons for this, including the role of various regulations, and will debate what the body of research says about how to design choice policies. We hope you’ll join us for this crucial conversation. Hosted on Acast. See acast.com/privacy for more information.

Drug trafficking is one of the most resilient and lucrative industries in the world, with estimated revenues of $300 billion a year. Despite the tens of billions of dollars that governments spend every year trying to disrupt them, drug cartels have shown tremendous ingenuity, adaptability, and entrepreneurship to satisfy over a quarter billion customers worldwide. Tom Wainwright will use insights from classical economics and modern business theory to explain how drug cartels work, why they're thriving, and how the illicit business could be defeated by the laws of economics—that is, by recognizing the futility of prohibition. Moisés Naím will relate the book’s insights to current hemispheric affairs. Hosted on Acast. See acast.com/privacy for more information.

In an effort to combat the Great Recession, the Federal Reserve embarked on an unprecedented program of quantitative easing (QE) — the large-scale purchase of financial assets using freshly created money. The idea was to lower interest rates, encourage spending and investment, and thereby boost growth and jobs. By late 2014, the Fed had added more than $3.5 trillion to its books — effectively quintupling the size of its balance sheet. But did it work? Did QE boost growth and jobs? Did it save the American economy from the abyss? Or did it merely sow the seeds of the next crisis? Join us as our expert panel debates one of the defining monetary policy issues of our time — the legacy of QE. Hosted on Acast. See acast.com/privacy for more information.

Since the end of the Cold War, the United States has conducted a number of humanitarian interventions. Following the UN’s enshrinement of the “responsibility to protect,” and in the midst of ongoing international instability, Washington is bound to face pressure to perform more such operations. Given that likelihood, policymakers need standards for deciding when to intervene abroad. In his new book, Michael Doyle provides a sophisticated analysis of the circumstances in which moral and security considerations supersede the norm of state sovereignty and justify foreign intervention. Building on John Stuart Mill’s 1859 essay “A Few Words on Non-intervention,” Doyle argues that the default principle of non-intervention should only be overridden in grave situations following multilateral deliberation. Please join us for an engaging discussion. Hosted on Acast. See acast.com/privacy for more information.

In the past, the European Union was seen as a force for economic liberalization. Brussels broke down many barriers to the free movement of goods, services, people, and capital. As such, the EU was credited with growing prosperity and stability on the continent. In recent decades, however, the EU became synonymous with unwieldy bureaucracy and overregulation. Today, many see the EU as a source of Europe’s problems, including slow growth, high unemployment, and rising social tensions. The "Index of Liberalization," published by the Italian think tank Instituto Bruno Leoni, identifies barriers to entry in key economic sectors across the EU. Massimiliano Trovato will present the latest data and discuss the role that Brussels is playing, and fails to play, in returning the EU to a path of growth. Hosted on Acast. See acast.com/privacy for more information.

The No Child Left Behind Act, with its rules about everything from teacher qualifications to school interventions, has finally been replaced. What took so long? Finally getting the left and right to agree that Washington had gone too far. But is the Every Student Succeeds Act, NCLB’s replacement, really designed to withdraw Washington from the nation’s classrooms? And is there danger that the U.S. Department of Education will write regulations maintaining federal power no matter what the statute’s intent? We hope you’ll join us for a crucial discussion about the newest federal education law. Hosted on Acast. See acast.com/privacy for more information.

Derivatives have been called “weapons of mass destruction” and have been accused of not only magnifying but also causing the recent financial crisis. In the wake of the crisis, many called for increased regulation of these products, and Dodd-Frank delivered. But what are derivatives? Do they have a beneficial role in our economy? Do they deepen financial markets and contribute to stability or are they disruptive? And are Dodd-Frank’s provisions likely to be effective? What do derivatives have to do with beer? We will address these and related issues as we delve into derivatives and their regulation. We hope you will join us. Hosted on Acast. See acast.com/privacy for more information.

In 1792 James Madison, the principal author of the Constitution, wrote that “Government is instituted to protect property of every sort.” But from the 20th century on the Supreme Court has upheld one inroad after another on the property rights of Americans, culminating in the notorious Kelo decision of 2005, which upheld the city of New London, Connecticut’s transfer of Suzette Kelo’s home to a private developer. That prompted Cato to publish, six months later, Timothy Sandefur’s Cornerstone of Liberty, a detailed account of the demise of property rights in America. Perhaps the Court was listening, because since then it has issued a number of rulings that give hope that the tide may be turning. At least, we have now a full update of Tim’s first book, coauthored this time with his wife Christina, which throws the gauntlet down again before the Court. Please join us for what should be a spirited discussion of the state of property rights in America today. Hosted on Acast. See acast.com/privacy for more information.

Economic sanctions have become a key component of the U.S. response to any crisis. Indeed, the Obama administration has imposed sanctions on countries as diverse as Russia, Iran, and Egypt, drawing on the strength and global reach of the U.S. financial system to coerce these states. There is no denying that sanctions can be powerful tools of statecraft. Yet the evidence also suggests a more complicated picture.Not only are sanctions often ineffective, they can also carry significant costs for U.S. businesses. In the most recent case—those levied against Russia for its aggression in Ukraine—it is unclear whether sanctions have produced any political change. At the same time, other nations are learning from the American example, experimenting with their own sanctions. Join us for an in-depth discussion of the future of economic coercion, the limitations of sanctions, and the ways in which policymakers can mitigate them. Hosted on Acast. See acast.com/privacy for more information.