Cato Event Podcast

The Jones Act is back in the news, with legislation introduced this year to repeal the law and the White House said to be considering a limited waiver of the law for the transport of liquefied natural gas. It’s about time. For nearly 100 years, the Jones Act has served as a burden on the U.S. economy and has raised transportation costs, damaged the environment, and even harmed U.S. exports. In the course of doing so, it has also manifestly failed to achieve its stated policy goals, with U.S. shipbuilding and the Jones Act fleet itself in a decades-long decline. Questions also abound about the law’s contribution to national security, as illustrated by the shortage of merchant mariners to crew the government-owned vessels in times of war and the Navy unable to afford ships from vastly uncompetitive U.S. shipyards to meet its sealift needs.Learn more about the Jones Act Hosted on Acast. See acast.com/privacy for more information.

When is it appropriate to resist the agents of the state? For many, the answer may be (all too) easy: never. But the United States itself was founded on one such act of resistance, and libertarians have always been deeply skeptical that the agents of the state enjoy any special status in moral philosophy. May an individual legitimately resist state agents? In what cases is such resistance allowed? What methods may be used, and to what ends? Philosopher Jason Brennan argues that sometimes, individuals have not only a right to resist unjust state actions but even an obligation to do so. Hosted on Acast. See acast.com/privacy for more information.

Free trade provides enormous benefits to developing countries. Arvind Panagariya will describe its impressive record in promoting growth and reducing poverty at a time when some policymakers in rich and poor countries are turning toward protectionism. He will explain how openness was key to the economic success of countries like South Korea and Taiwan and will refute claims that industrial policy, infant industry protection, or measures that erected barriers to trade have worked better than free trade itself. Anne Krueger will comment on Panagariya’s full-scale defense of free trade and warn about threats to the liberal, global trade regime.  Hosted on Acast. See acast.com/privacy for more information.

Depending on the type of institution, inflation-adjusted college prices have as much as tripled over the past 30 years. This cost increase has launched vociferous arguments about its underlying causes. Perhaps no theories loom larger than that cuts in direct state funding have forced schools to raise revenue from their students or that federal student aid has enabled colleges to inflate their prices no matter what is happening with their other funding streams. Join a panel of experts as they debate which theory is right, which is wrong, whether even more important factors are at work, and what to do about it all. Hosted on Acast. See acast.com/privacy for more information.

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.