Category Archives: Business

What is Henry Kissinger Up To?

The English language Russian news agency, Sputnik, reports that former US Secretary of State Henry Kissinger is advising US president-elect Donald Trump how to “bring the United States and Russia closer together to offset China’s military buildup.” If we take this report at face value, it tells us that Kissinger, an old cold warrior, is… Read More »

Student Loan Interest Rates Double

Interest rates on subsidized federal student loans doubled this past week, going from 3.4 percent to 6.8 percent.  Cato scholar Neal McCluskey argues that the most discouraging aspect of all this isn’t the financial impact of the doubling, but that Congress couldn’t get a deal done. “If we want college prices to be reasonable, we… Read More »

Debating Carbon Taxes

As concern over climate change grows, policymakers face a difficult question: How much should society spend today to protect future generations against the unknown risks emissions create? In the new issue of Regulation, several scholars make their cases both for, and against, carbon taxes. Economists Bob Litterman, Robert S. Pindyck, Daniel Sutter, Shi-Ling Hsu, and… Read More »

Free Trade, Free Markets: Rating the 112th Congress

A new bulletin from scholar K. William Watson reviews the Cato Institute’s congressional trade votes database for the 112th Congress and reveals how its individual members voted on major trade bills and amendments. Watson includes an explanation of each major trade vote during the 112th Congress as well as analysis of members’ trade policy profiles… Read More »

Asia’s Story of Growing Economic Freedom

First there was the “East Asian Miracle”; now comes the “Asian century.” The aftermath of the recent global economic crisis has reinforced a sense that the world is “shifting East”—to Asia. In a new paper, author Razeen Sally looks at the unprecedented expansion of economic freedom in Asia. “All over Asia, space is opening up… Read More »

Poverty and Progress: Realities and Myths about Global Poverty

In his new book, Poverty and Progress: Realities and Myths about Global Poverty, renowned development economist Deepak Lal draws on 50 years of experience around the globe to describe developing-country realities and rectify misguided notions about economic progress. Unique among books that have emerged in recent years on world poverty, Poverty and Progress directly confronts… Read More »

Arming Syrian Rebels Is a Mistake

The Obama administration reportedly has decided to provide “direct military aid” to Syria’s insurgents, after concluding that Syrian forces were using chemical weapons.  But according to Cato scholar Doug Bandow, this kind of messy conflict is precisely the sort that Washington should avoid. “Americans should have something fundamental at stake before their government calls them… Read More »

Keep the Feds Out of Transit Funding

The New Starts program, created by Congress in 1991, “is the federal government’s primary financial resource for supporting locally-planned, implemented, and operated transit ‘guideway’ capital investments.” In a new paper, Cato scholar Randal O’Toole shows that New Starts has effectively given transit agencies incentives to select the costliest, rather than the most cost-effective, alternative to… Read More »