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Hosted on Acast. See acast.com/privacy for more information.
Hosted on Acast. See acast.com/privacy for more information.
Hosted on Acast. See acast.com/privacy for more information.
Can you imagine being denied a bank account just because some bureaucrat disapproves of your job? It could happen to you!
Launched in early 2013, "Operation Choke Point" is a joint effort by the Department of Justice (DOJ) and the bank regulators to limit access to the bank payments system by various businesses. Initially targeted at small-dollar nonbank lenders, Choke Point has grown to cover a variety of legitimate businesses that just happen to be unpopular with DOJ.
Since, in today’s economy, almost any economic activity depends on access to the payments system, allowing the DOJ to arbitrarily limit access represents an almost unprecedented abuse of power. Many targeted businesses and individuals are turning to cryptocurrencies such as bitcoin and dogecoin in order to survive without access to the traditional banking system.
What can be done about Operation Choke Point, who is being targeted, and what implications does this hold for the future of cryptocurrencies?
This panel will be occurring at the annual South by Southwest - Interactive conference in Austin, Texas. You will need to be a registered participant of the conference to attend. However, all Cato supporters are invited to follow along on Twitter using #CatoCrypto. We will also be posting a video on the Cato website after the conference is over.
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Please join us for an informative and entertaining policy luncheon and discussion with Alex Nowrasteh, Brink Lindsey, and Richard Rahn. This luncheon will feature presentations by Cato scholars Alex Nowrasteh, author of many studies on immigration policy, and Brink Lindsey, author of Human Capitalism: How Economic Growth Has Made Us Smarter — and More Unequal and The Age of Abundance: How Prosperity Transformed America's Politics and Culture.
The economic benefits of immigration reform are large, but increased enforcement mechanisms like E-Verify or a national identity card could erase most of those gains. Nowrasteh will explain how to maximize the benefits and minimize the costs of immigration reform and how to wall off the welfare state, especially in light of President Obama's recent executive actions.
It's been almost six years since the official end of the Great Recession, but U.S. economic growth has remained stubbornly sluggish. Fears are mounting that growth rates well below the long-term historical average may now be the "new normal." Cato scholar Brink Lindsey argues that those fears are well-founded: absent major policy change, U.S. economic performance will likely remain disappointing for some time to come. Throughout the 20th century, rising labor force participation for women and rising skill levels for all workers helped to propel growth, but now those demographic trends have shifted with negative implications for growth. To revive long-term growth prospects, sweeping policy reforms are needed to spur American innovation and dynamism. Lindsey will outline a pro-growth policy agenda and assess the political prospects for positive change.
11:30 a.m. – 12:00 p.m.Registration and ReceptionHosted on Acast. See acast.com/privacy for more information.
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Despite their substantial independence and discretionary powers, central banks have generally failed to achieve their goals of maintaining either low and stable inflation or tolerably low unemployment. Many blame monetary discretion for this failure, noting that such discretion tempts central bankers to engage in monetary "fine tuning" that ends up fueling booms and busts, leaving declared objectives to fall by the wayside. Should monetary authorities be reined in by a constitution? If so, how might this be done successfully? The essays in Renewing the Search for a Monetary Constitution, by Lawrence White and others, address these and other crucial questions.
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Contrary to myth, Obamacare’s opponents have many alternatives to the health care law that is once again before the Supreme Court. The Washington Examiner’s Philip Klein, a leading conservative health care writer, takes us inside the debate on the right over how to overhaul the health care system along free-market lines in the wake of a ruling in King v. Burwell, and possibly in the wake of Obamacare.
Drawing on eight years of experience reporting on the issue, and dozens of interviews with prominent health policy experts, Klein lays out a free-market vision for health care and presents three competing approaches to getting there: reform, replace, and restart. Join us to hear from Klein, as well as from leading proponents of each school of thought.
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The American Founders planned for a republic and feared its corruption. Jay Cost thinks their fears are coming true. His new book reveals that big government has promoted corruption that favors the privileged over the many, corruption that is both legal and too often accepted.
Cost argues that politicians today have professionalized the pathways of corruption so thoroughly that they can more easily defy detection, and, barring that, retain plausible deniability. From the 18th century to today, Cost traces the history of how America ceased being a republic and became a special-interest democracy.
Will the 2016 elections bring change? Cost’s sweeping history of American political corruption does not spare the age of Obama. He demonstrates that a president who promised to change the system became a willing participant, as did both parties in the U.S. Congress — at a cost of hundreds of billions of dollars to taxpayers.
Please join us for a disturbing portrait of a nation fostering and fighting political decline.
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