Cato Event Podcast

How did the modern dynamic economy, filled with wealth and opportunity, come about?In his new book, The Wealth Explosion: The Nature and Origins of Modernity, Stephen Davies examines the surprising, fundamental, and continuing processes of innovation and transformation that have produced the world we live in today.Exploring the academic literature and competing theories, he seeks to answer three questions of fundamental importance to any economist or historian: How and why is the world different today than that faced by our ancestors? What explains why this transformation began in northwestern Europe about 240 years ago? And, given this, can the modern dynamic economy endure? Hosted on Acast. See acast.com/privacy for more information.

Should art offend? Does it matter if people are offended? Should offensive art be displayed? Should it be censored? Who decides what is offensive or appropriate? Join us to hear a discussion of these questions and more. Hosted on Acast. See acast.com/privacy for more information.

International security in the 21st century is increasingly characterized by the use of cyber operations. Concern over this still-developing domain of competition has led to inflated assessments of its dangers and greater support for a more aggressive U.S. posture on cyber security and cyber warfare. How do great powers like the United States, Russia, and China employ cyber capabilities? What threats does the United States currently face in this realm, and what is the most effective method of defense? What are the vulnerabilities of complacency, and, conversely, the risks of escalation?Join us to discuss these issues and more with experts in the field. Hosted on Acast. See acast.com/privacy for more information.

At any given time, the United States holds almost two million people in prison for felony convictions. Often overlooked, however, are more than 11 million people who cycle in and out of American jails every year for misdemeanor offenses.Despite composing the largest part of our criminal system, misdemeanors don’t usually garner the same policy attention as more overtly draconian features of the system — such as decades-long mandatory minimum prison sentences — because they are viewed as “minor offenses.” However, the overall punitive effect of misdemeanors, particularly on poor people and people of color, far exceeds what should be imposed for supposedly minor crimes.In her recent book, Punishment without Crime: How Our Massive Misdemeanor System Traps the Innocent and Makes America More Unequal, Professor Alexandra Natapoff explains how our police, courts, and jails create a machinery of injustice that doles out unfair punishments and extracts wealth from those who can least afford it. She writes that the American criminal system “moonlight[s] as a regressive tax system and anti-welfare machine” that criminalizes the impoverished and further adds to their burdens. Natapoff’s research shows that the American petty crimes enforcement apparatus undermines the most important functions of criminal law by corroding the constitutional processes meant to provide justice to all.Join us Tuesday, May 7, as Professor Natapoff discusses her important and revealing book with the Cato Institute’s Jonathan Blanks. Hosted on Acast. See acast.com/privacy for more information.

Puerto Rico's recovery in the aftermath of Hurricane Maria has reinvigorated debate about a relatively unknown law that has hampered its recovery efforts and bogged down its economy. Since 1920, maritime commerce between Puerto Rico and the rest of the United States has been governed by the Jones Act, a law that mandates that vessels transporting goods domestically be U.S.-crewed, U.S.-flagged, U.S.-owned, and U.S.-built. While defenders of the law have argued that the Jones Act provides reliable shipping services from the mainland to Puerto Rico, critics have pointed out that such restrictions significantly raise the cost of domestic imports, placing an added burden on the already economically struggling island. In addition, the law has also been accused of complicating efforts to transition the island's power generation away from its current heavy reliance on oil and coal.At this event, panelists will assess the law's impact on Puerto Rico, highlighting the findings of two recent reports that evaluate the law's economic cost, and will discuss the implications of Puerto Rico's recent application for a temporary Jones Act waiver to allow liquefied natural gas to be imported aboard foreign-flagged ships. Hosted on Acast. See acast.com/privacy for more information.

Some political leaders are saying that income and wealth inequality are at unacceptable levels and need to be countered by higher taxes on the wealthy and more transfer payments. But the data used to support those arguments are often misunderstood and omit key elements of the picture. John Early will describe gaps in the official data used in the inequality debate and discuss alternative income measures that better capture the well-being of different groups. Early argues that policymakers need to get the facts right before imposing prescriptions on the economy.John Early has twice been assistant commissioner of the Bureau of Labor Statistics, where he became an expert on these measurement issues. He has published a Cato study and a series of op-eds with former U.S. senator Phil Gramm examining the U.S. data on inequality. Following Early, Edwards will discuss the different sources of data on wealth inequality and the role of wealth in the economy.Watch: Short video on economic inequality featuring John F. EarlyDownload the Power Point presentation (PPTX) Hosted on Acast. See acast.com/privacy for more information.

Liberalism, a political philosophy that grew out of the Enlightenment and champions reason, freedom, and equality, has lately been criticized by some religious thinkers in the West. Liberalism, in their view, only “atomizes” individuals, weakens society, and ultimately corrodes all faiths.Yet other religious intellectuals think that there are many reasons to appreciate liberalism, including the very freedom that the believers have found in liberal societies to practice and manifest their faith and to be free from the persecutions that have defined much of human history. Moreover, they think that under liberalism, religions flourish in healthier ways — through persuasion rather than coercion, and through civil society rather than state power.This discussion is particularly relevant for Islam, since Muslim opinion leaders are often ambivalent, at best, on whether they should accept liberal standards of human rights or rather reject them as alien and detrimental. If liberalism is rejected even by Western Christians, whose religious traditions have been much more at peace with liberalism, Eastern Muslims will not even consider it. Hosted on Acast. See acast.com/privacy for more information.

The disastrous choice to use force to remove Saddam Hussein from power did enormous damage to the wealth, well-being, and reputations of the United States and Great Britain. To this day, the hangover of the Iraq war looms large over the politics of both nations. Yet how each of these “special friends” came to the decision to invade Iraq remains shrouded in mystery and mythology. Until now.On April 24, Patrick Porter, author of Blunder: Britain's War in Iraq, and Michael Mazarr, author of Leap of Faith: Hubris, Negligence, and America's Greatest Foreign Policy Tragedy, will detail the motivations and ideas that drove two great democracies to a war of choice, and explain the lessons that must be learned to avoid similar disasters — today and in the future. Hosted on Acast. See acast.com/privacy for more information.

The perceived threat of artificial intelligence (AI) to the American workforce and society more broadly has become a common topic of discussion among policymakers, academics, and the wider public. But is AI a threat? And if so, are there appropriate policy solutions? History is replete with examples of disruption caused by past technological advances. Are the lessons from those advances applicable to AI? These are just some of the questions addressed by the PBS television documentary CyberWork and the American Dream. Hosted on Acast. See acast.com/privacy for more information.

Are we running out of resources? That’s been a hotly debated question since the publication of Paul Ehrlich’s book The Population Bomb in 1968. The Stanford University biologist warned that population growth would result in the exhaustion of resources and a global catastrophe. University of Maryland economist and Cato Institute’s Senior Fellow Julian Simon, in contrast, argued that humans would innovate their way out of resource shortages. He believed that people were the “ultimate resource” that would make other resources more plentiful. On Earth Day 2019, David M. Simon will recall the humanism and optimism of his late father. Gale Pooley and Marian L. Tupy will present the updated findings from their recent paper “The Simon Abundance Index: A New Way to Measure Availability of Resources” and launch The Simon Project, a new www.humanprogress.org initiative. Finally, George Gilder will discuss the link between human ingenuity, innovation, and prosperity. Hosted on Acast. See acast.com/privacy for more information.