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41. The Ethics of Voting

Author:
Aaron Powell
Publication Date:
01-2012
Content Type:
Journal Article
Journal:
The Cato Journal
Institution:
The Cato Institute
Abstract:
Grab anyone at a coffee shop, political rally, or cocktail party. Ask him, “Do you think we have a duty to vote?” Chances are he'll say “Yes.” Follow it up with, “Is it because there's something special about voting that places it above other duties we might have, like sayavoiding speeding or paying our taxes?” It's a safe bet you'll get a “yes” to this one as well.Jason Brennan calls the thinking behind these twin affirmatives the “folk theory of voting ethics.” It's the common view of civics classes, straw polls, and town hall meetings. The folk theory is what we all learn in school, along with the three branches of government and the Founding Fathers.
Political Geography:
America

42. Federal Reserve Policy in the Great Recession

Author:
Allan H. Meltzer
Publication Date:
06-2012
Content Type:
Journal Article
Journal:
The Cato Journal
Institution:
The Cato Institute
Abstract:
Overresponse to short-run events and neglect of longer-term consequences of its actions is one of the main errors that the Federal Reserve makes repeatedly. The current recession offers many examples of actions that some characterize as bold and innovative. I regard many of these actions as inappropriate for an allegedly independent central bank because they involve credit allocation, fill the Fed's portfolio with an unprecedented volume of long-term assets, evade or neglect the dual mandate, distort the credit markets, and initiate other actions that are not the responsibility of a central bank.
Political Geography:
America

43. Banking Dysfunction

Author:
James A. Grant
Publication Date:
06-2012
Content Type:
Journal Article
Journal:
The Cato Journal
Institution:
The Cato Institute
Abstract:
"Has anyone bothered to study the cumulative effect of all these things?" the chief executive officer of JPMorgan Chase reasonably inquired of the chairman of the Federal Reserve Board at a bankers gathering in Atlanta last June. The CEO, Jamie Dimon, was referring to the combination of cyclical hangover and regulatory constriction. The chairman, Ben Bernanke, replied, "It's just too complicated. We don't really have the quantitative tools to do that" (Grant and Masters 2011: 1).
Political Geography:
America

44. Collision Course: Ronald Reagan, the Air Traffic Controllers, and the Strike that Changed America

Author:
Ivan Osorio
Publication Date:
06-2012
Content Type:
Journal Article
Journal:
The Cato Journal
Institution:
The Cato Institute
Abstract:
President Ronald Reagan's firing of more than 12,000 illegally striking air traffic controllers in August 1981 is widely considered a defining moment both for Reagan's presidency and for American organized labor. For Reagan, it was the first of many lines in the sand he drew during his presidency. For organized labor, it marked an assault from an anti-union president determined to prevail against a Democratic constituency.
Political Geography:
America

45. The American Welfare State: How We Spend Nearly $1 Trillion a Year Fighting Poverty—And Fail

Author:
Michael Tanner
Publication Date:
04-2012
Content Type:
Working Paper
Institution:
The Cato Institute
Abstract:
News that the poverty rate has risen to 15.1 percent of Americans, the highest level in nearly a decade, has set off a predictable round of calls for increased government spending on social welfare programs. Yet this year the federal government will spend more than $668 billion on at least 126 different programs to fight poverty. And that does not even begin to count welfare spending by state and local governments, which adds $284 billion to that figure. In total, the United States spends nearly $1 trillion every year to fight poverty. That amounts to $20,610 for every poor person in America, or $61,830 per poor family of three.
Topic:
Economics, Government, and Poverty
Political Geography:
United States and America

46. Economic Freedom and Happiness

Author:
Daniel M. Gropper, Robert A. Lawson, and Jere T. Thorne Jr.
Publication Date:
06-2011
Content Type:
Journal Article
Journal:
The Cato Journal
Institution:
The Cato Institute
Abstract:
That liberty is necessary for greater happiness and a better life is a notion deeply rooted in the American sensibility. But is there a link between greater freedom and greater happiness across countries? In this article we explore this question by examining the empirical relationship between liberty, as measured by economic freedom, and happiness across more than 100 countries.
Political Geography:
America

47. The Political Philosophy of George Washington by Jeffry Morrison

Author:
Joseph Romance
Publication Date:
06-2011
Content Type:
Journal Article
Journal:
The Cato Journal
Institution:
The Cato Institute
Abstract:
In many ways, George Washington represents the most difficult of the Founders to approach. His importance in the American Revolution and the central role he played in the formation of the Republic is beyond dispute. Yet, as so many have pointed out, he becomes more the marble statue than a real man. Thus, it may not be surprising that the most recent spurt of scholarship and popular history concerning the American Founders tends to focus on reinterpretations of the agreed-upon intellectual greats (Jefferson, Madison, and Hamilton) and a rediscovery of neglected Founders (Mason, Morris, and Pickney). Alas, what are we to do with Washington beyond revere?
Political Geography:
America and Washington

48. America Identified: Biometric Technology and Society

Author:
Jim Harper
Publication Date:
09-2011
Content Type:
Journal Article
Journal:
The Cato Journal
Institution:
The Cato Institute
Abstract:
Lisa Nelson's America Identified: Biometric Technology and Society is a slow and careful examination of a formidably broad landscape—at least until she springs to her conclusions. Among them: “Individual liberty must be reconceptualized to account for the use of data by individuals for communication, transactions, and networking.” It's a scholar's way of saying, “Move over, sovereign individual. Experts are going to handle this.”
Topic:
Foreign Policy
Political Geography:
America

49. Social Security's Financial Outlook and Reforms: An Independent Evaluation

Author:
Jagadeesh Gokhale
Publication Date:
10-2011
Content Type:
Working Paper
Institution:
The Cato Institute
Abstract:
Social Security is often described as a "foundational" element of the nation's social safety net. Almost all Americans are directly affected by the program and many millions primarily depend on its benefits for supporting themselves during retirement. But the program's financial condition has worsened considerably since the last recession, which began in 2007. In that year, the Social Security trustees estimated that the program's trust fund would be exhausted by 2042. The trustees' annual report for 2011 brings the trust fund exhaustion date forward to 2038. Indeed, the programs revenues fell short of its benefit expenditures in 2010 and it appears unlikely that significant surpluses will emerge again under the program's current rules. If the program's finances continue to worsen at this rate, it won't be long before the debate on reforming the program assumes an urgency and intensity similar to that during 1982-83, when imminent insolvency forced lawmakers to implement payroll tax increases and scale back its benefits.
Topic:
Economics, Government, and Human Welfare
Political Geography:
America and Ethiopia

50. The Case for Gridlock

Author:
Marcus E. Ethridge
Publication Date:
01-2011
Content Type:
Working Paper
Institution:
The Cato Institute
Abstract:
In the wake of the 2010 elections, President Obama declared that voters did not give a mandate to gridlock. His statement reflects over a century of Progressive hostility to the inefficient and slow system of government created by the American Framers. Convinced that the government created by the Constitution frustrates their goals, Progressives have long sought ways around its checks and balances. Perhaps the most important of their methods is delegating power to administrative agencies, an arrangement that greatly transformed U.S. government during and after the New Deal. For generations, Progressives have supported the false premise that administrative action in the hands of experts will realize the public interest more effectively than the constitutional system and its multiple vetoes over policy changes. The political effect of empowering the administrative state has been quite different: it fosters policies that reflect the interests of those with well organized power. A large and growing body of evidence makes it clear that the public interest is most secure when governmental institutions are inefficient decisionmakers. An arrangement that brings diverse interests into a complex, sluggish decisionmaking process is generally unattractive to special interests. Gridlock also neutralizes some political benefits that producer groups and other well-heeled interests inherently enjoy. By fostering gridlock, the U.S. Constitution increases the likelihood that policies will reflect broad, unorganized interests instead of the interests of narrow, organized groups.
Topic:
Democratization, Government, Politics, Power Politics, and Governance
Political Geography:
United States and America