Cato Event Podcast

The Great Recession ended over five years ago, so why does the U.S. economy remain so sluggish? Fears are mounting that growth rates well below the long-term historical trend line may now be the “new normal.” Labor-force participation has been falling, while growth in labor skills has slowed considerably. Furthermore, the main engine of innovation—the “creative destruction” of entrepreneurial dynamism—appears to be sputtering, as the rates of both gross job creation and destruction and new firm formation have been declining steadily. Meanwhile, some experts even argue that the low-hanging fruit of major transformative breakthroughs has already been plucked and that, consequently, technological progress itself is winding down.The purpose of this conference is to assess the long-term growth outlook of the U.S. economy and explore what policy changes might be needed to arrest and reverse the growth slowdown. We will bring together top economists and other experts for a full-day conference on these vital issues, with the first three sessions devoted to diagnosis of the key problems and the final two sessions focused on prescriptions for growth-enhancing policy reforms.In conjunction with the conference, the Cato Institute is hosting a special online forum on reviving economic growth. We have reached out to leading economists and policy experts and challenged them to answer the following question: “If you could wave a magic wand and make one or two policy or institutional changes to brighten the U.S. economy’s long-term growth prospects, what would you change and why?” Their response essays will be made available here in the run-up to the conference. Hosted on Acast. See acast.com/privacy for more information.

The Great Recession ended over five years ago, so why does the U.S. economy remain so sluggish? Fears are mounting that growth rates well below the long-term historical trend line may now be the “new normal.” Labor-force participation has been falling, while growth in labor skills has slowed considerably. Furthermore, the main engine of innovation—the “creative destruction” of entrepreneurial dynamism—appears to be sputtering, as the rates of both gross job creation and destruction and new firm formation have been declining steadily. Meanwhile, some experts even argue that the low-hanging fruit of major transformative breakthroughs has already been plucked and that, consequently, technological progress itself is winding down.The purpose of this conference is to assess the long-term growth outlook of the U.S. economy and explore what policy changes might be needed to arrest and reverse the growth slowdown. We will bring together top economists and other experts for a full-day conference on these vital issues, with the first three sessions devoted to diagnosis of the key problems and the final two sessions focused on prescriptions for growth-enhancing policy reforms.In conjunction with the conference, the Cato Institute is hosting a special online forum on reviving economic growth. We have reached out to leading economists and policy experts and challenged them to answer the following question: “If you could wave a magic wand and make one or two policy or institutional changes to brighten the U.S. economy’s long-term growth prospects, what would you change and why?” Their response essays will be made available here in the run-up to the conference. Hosted on Acast. See acast.com/privacy for more information.

What happens when the biggest businesses in the world are accused of committing crimes? What should happen? Too Big to Jail peers into the hidden world of corporate prosecutions, revealing how Justice Department lawyers have used settlements, non-prosecution agreements, deferred prosecution agreements, and plea bargains to exact billions of dollars from corporate defendants—without ever going to court. This lack of judicial oversight creates a very real danger that justice is not being served: the guilty can literally buy their way out of prosecution, while others are forced to pay fines grossly disproportionate to any offense. Please join us for an in-depth discussion with two scholars whose work is on the cutting edge of an emerging national debate. Hosted on Acast. See acast.com/privacy for more information.

Luncheon Address — Restoring the Lost Constitution Randy Barnett, Author, Senior Fellow, Cato InstituteDirector, Georgetown Center for the Constitution Hosted on Acast. See acast.com/privacy for more information.

James L. Buckley’s new book, Saving Congress from Itself, describes the damage caused by federal aid-to-state programs and proposes a full repeal. Buckley’s analysis is grounded in his distinguished career as a U.S. senator from New York, a judge on the U.S. Court of Appeals for the D.C. Circuit, and a high-level Reagan administration official. He argues that repealing aid-to-state programs would free the federal government to focus on truly national matters, put the government on sounder financial footing, and improve the ability of states to manage their programs for education, welfare, transportation, and other activities. Cato’s Roger Pilon and Chris Edwards will comment on Buckley’s proposal and describe the legal and practical aspects of reviving federalism and ending aid. Hosted on Acast. See acast.com/privacy for more information.

Sixty years ago the U.S. Supreme Court's first case on gay rights was set in motion. It has been neglected through many of the intervening years but is now recognized as a landmark in the law of free speech. In One, Inc., v. Olesen, a fledgling Los Angeles–based magazine seeking to advance the interests of homosexuals sued after the Post Office declared it obscene and banned its distribution through the mail. Against long odds, facing the full force of the federal government, and with little support from the civil libertarians of the day, the small publication persevered to the Supreme Court—and its unexpected victory there opened up legal space for other dissenting and unpopular opinions to thrive. Join us as three experts discuss the One, Inc. case as a turning point in First Amendment law and an example of how freedom of expression works to vindicate the interests of those on society's margins. We'll also learn about ongoing efforts to get the U.S. government to open its archives to shed light on its handling of the case. Hosted on Acast. See acast.com/privacy for more information.

In The Moral Case for Fossil Fuels energy expert Alex Epstein argues that we are only hearing one side of a critical story. We are taught to think only of the negatives of fossil fuels, not their positives — their ability to provide cheap, reliable energy for a world of seven billion people. The moral significance of cheap, reliable energy, Epstein illustrates, is woefully underrated. Energy enables us to improve nearly every single aspect of life, whether economic or environmental, and if we look at the big picture of fossil fuels compared with the alternatives, the impact of fossil fuels is to make the world a far better place.Epstein confronts the most common myths about fossil fuels: they are dirty, unsustainable, and harm the developing world. Drawing on original insights and cutting-edge research, Epstein offers facts to the contrary. Fossil fuels take a naturally dirty environment and make it clean; they take a naturally dangerous climate and make it safer; the sun and wind are intermittent, unreliable fuels that always need backup from a reliable source of energy — usually fossil fuels; and, fossil fuels are the key to improving the quality of life for billions of people in the developing world. Calls to "get off fossil fuels" are calls to degrade the lives of innocent people who merely want the same opportunities we enjoy in the West.Will The Moral Case for Fossil Fuels become the Silent Spring of its time? Decide for yourself after hearing Alex Epstein discuss this powerful, highly innovative book. Hosted on Acast. See acast.com/privacy for more information.

President Obama will soon announce that he plans to use executive power to delay the deportations of millions of undocumented immigrants, among other reforms. Join us and submit your questions via Twitter as we discuss the policy and politics of the President's plan.Follow @CatoEvents and use #CatoConnects to ask questions and join the conversation on Twitter. Hosted on Acast. See acast.com/privacy for more information.

In National Security and Double Government, Michael Glennon examines the continuity in U.S. national security policy from the Bush administration to the Obama administration. Glennon explains the lack of change by pointing to the enervation of America's "Madisonian institutions," namely, the Congress, the presidency, and the courts. In Glennon's view, these institutions have been supplanted by a "Trumanite network" of bureaucrats who make up the permanent national security state. National security policymaking has been removed from public view and largely insulated from law and politics. Glennon warns that leaving security policy in the hands of the Trumanite network threatens Americans' liberties and the republican form of government. Please join us for a discussion of this timely book. Hosted on Acast. See acast.com/privacy for more information.

American cities, once economic and social launching pads for residents, are all too often plagued by poverty and decay. One need only look at the ruins of Detroit to see how far some once-great cities have fallen, or at Boston and San Francisco for evidence that such decline is reversible. In Boom Towns, Stephen J. K. Walters argues that commonplace explanations for urban decay are seriously incomplete. He reconceives of cities as dense accumulations of capital in all of its forms—which makes our labor more productive and our leisure more pleasurable. Policymakers, therefore, must properly define and enforce property rights in order to prevent the flight of capital that weakens urban centers. With its fresh interpretation of one of the quandaries of our day, Boom Towns offers a novel contribution to the debate about American cities and a program for their restoration. Hosted on Acast. See acast.com/privacy for more information.