Cato Event Podcast

  On April 2, the Supreme Court issued its latest blockbuster ruling on campaign finance, McCutcheon v. FEC, striking down the "aggregate" contribution limits on how much money any one person can contribute to election campaigns (leaving untouched the "base" limits on donations to individual candidates or party committees). Within days of the decision, while pundits and activists were still battling in the media, two e-books were published about the case. One was by Shaun McCutcheon himself, an Alabama engineer who has quickly gone from political neophyte to Supreme Court plaintiff, thus providing a rare first-person layman's account of high-stakes litigation. The other was by two law professors specializing in the First Amendment, Ronald Collins and David Skover, who dissect the Court's ruling and put it in the broader context of campaign finance regulation. Please join us to hear about McCutcheon and its implications for our political system from authors with unique perspectives on the subject. S

Jon Stewart once derided economists' prose as being so boring that “it turned my brain off,” but it doesn't have to be that way. Pioneers in academia, the creative arts, and nonprofits have found new and provocative ways to communicate the timeless ideas of economic liberty.Amity Shlaes, the bestselling author of The Forgotten Man: A New History of the Great Depression, and Paul Rivoche, a professional illustrator whose portfolio includes Iron Man and Superman, have teamed up to produce The Forgotten Man Graphic Edition which introduces the Great Contraction of the 1930s to younger readers. Such history is vital to our time and to the future. The myths and half-truths of the 1930s remain a potent cause of current policy failures. The combination of ideas and images define much of the new media and should interest younger readers who increasingly turn to unconventional publications.Scott Barton directs LearnLiberty.org, an online education platform that seeks to be a resource for learning about the ideas of a

In a May 9 preliminary decision, the U.S. International Trade Commission determined "there is a reasonable indication that a U.S. industry is materially injured by reason of imports of sugar from Mexico that are allegedly subsidized and sold in the United States at less than fair value." As a result, antidumping and countervailing duty investigations into the questions of domestic injury, dumping, and subsidization will proceed with final determinations expected in early 2015.If duties are imposed on imports of sugar from Mexico, the decision will mark the latest U.S. government intervention on behalf of domestic sugar producers to ensure higher-than-world-average sugar prices in the United States. This raises costs of production for sugar-using industries and discourages domestic value-added activity.What have been the real costs of U.S. sugar protection? How has it impacted consumers, industrial users, and trade relations? What mechanisms exist to prevent the U.S. trade laws from enabling one U.S. industry

The United States, argues Barry R. Posen, has grown incapable of moderating its foreign policy ambitions. Since the collapse of Soviet power, it has pursued a grand strategy that has tended to overreach, generating a host of failures and encountering many unexpected difficulties along the way.In this new book, Posen explains why the dominant view among the nation’s foreign policy elites, what he calls “liberal hegemony,” has proved unnecessary, counterproductive, costly, and wasteful. His alternative — restraint — would resist the impulse to use U.S. military power, and focus the military’s and the nation’s attention on the most urgent challenges to national security. See acast.com/privacy for privacy and opt-out information.

Attorney General Eric Holder’s Department of Justice has faced much criticism in the past six years. From “Fast and Furious” to the surveillance of Fox News reporter James Rosen, Holder has attracted the ire of congressional Republicans, and even some Democrats. In 2012 Holder became the first sitting cabinet member in American history to be held in contempt by Congress.  In their new book, Obama’s Enforcer: Eric Holder’s Justice Department Hans von Spakovsky of the Heritage Foundation and John Fund of National Review argue that Holder’s Justice Department has become an enclave of radical progressive legal activism that serves as a heat shield to protect the Obama administration. In addition, argue the authors, Holder’s DOJ helps push the administration’s hidden agenda, from the war on Fox News to the targeting of Tea Party groups. Join us for a discussion of the book with Hans von Spakovsky and comments by former DOJ official J. Christian Adams. See acast.com/

In his new book Immigration Economics, author and noted immigration scholar George J. Borjas will discuss how immigrants affect the wages of American workers, government budgets, and virtually every other aspect of the American economy and workforce. Professor Borjas brings his years of research and his own voluminous work to bear on this issue–reaching some controversial conclusions along the way. Borjas will be joined by Amelie Constant, another well-known immigration researcher and economist, who will comment on Borjas’ new book and spark a lively discussion on immigration and the American economy. Join us as two of the most respected immigration economists discuss this timely issue. See acast.com/privacy for privacy and opt-out information.

In an article that went viral in 1989, Francis Fukuyama advanced the notion that with the death of communism history had come to an end in the sense that liberalism — democracy and market capitalism — had triumphed as an ideology. Fukuyama will be joined by other scholars to examine this proposition in the light of experience during the subsequent quarter century. See acast.com/privacy for privacy and opt-out information.

In an article that went viral in 1989, Francis Fukuyama advanced the notion that with the death of communism history had come to an end in the sense that liberalism — democracy and market capitalism — had triumphed as an ideology. Fukuyama will be joined by other scholars to examine this proposition in the light of experience during the subsequent quarter century. See acast.com/privacy for privacy and opt-out information.

When law in America can be made by executive “pen and phone” alone — indeed, by a White House press release — we're faced starkly with a fundamental constitutional question: Is administrative law unlawful? Answering in the affirmative in this far-reaching, erudite new treatise, Philip Hamburger traces resistance to rule by administrative edict from the Middle Ages to the present. Far from a novel response to modern society and its complexities, executive prerogative has deep roots. It was beaten back by English constitutional ideas in the 17th century and even more decisively by American constitutions in the 18th century, but it reemerged during the Progressive Era and has grown ever since, regardless of the party in power. Please join us for a discussion of the most pressing constitutional issue before the nation today. See acast.com/privacy for privacy and opt-out information.

Financial history is characterized by a consistent fear of bank runs, especially during times of crisis. The financial crisis of 2007-09 was no exception. The Financial Crisis Inquiry Commission identified no less than 10 cases of runs. Those runs were a major consideration in the shifting policy responses that authorities employed during the crisis. In the early stages, troubled institutions facing runs were dealt with through a scattered blend of voluntary mergers, outright closures, and bailouts. By late 2008 and thereafter, panic had descended on the major financial agencies. That resulted in the decision to backstop the full range of large institutions, as government officials feared a collapse of the entire financial system. However, serious analysis of the risks facing the financial sector was sorely lacking. In a recent Cato Policy Analysis, Vern McKinley provides such an analysis, asking whether many of the crisis decisions were appropriate. See acast.com/privacy for privacy and opt-out information.

In November 2012 voters in Colorado and Washington passed landmark measures to legalize the production and sale of cannabis for social use—a first not only in the United States but also the world. Medical cannabis is now legal in 21 states and Washington, D.C., and more than one million Americans have turned to it in place of conventional pharmaceuticals. Public opinion continues to shift toward policies that favor increased personal liberty on the issue of cannabis.In A New Leaf: The End of Cannabis Prohibition, investigative journalists Alyson Martin and Nushin Rashidian present an expert analysis of how recent milestones toward legalization will affect the war on drugs both domestically and internationally. Reporting from nearly every state with a medical cannabis law, the book features in-depth interviews with patients, growers, doctors, entrepreneurs, politicians, activists, and regulators. The result is a unique account of how legalization is manifesting itself in the lives of millions.Please joi

Public opinion polls show that, by overwhelming margins, Americans believe that the United States “has a unique character because of its history and Constitution that sets it apart from other nations as the greatest in the world.” However dissatisfied they are with the characters who run it, Americans take great pride in our system of government, with its separation of powers and independently elected president.Should they? That’s the question F. H. Buckley asks in his powerfully argued new book, The Once and Future King: The Rise of Crown Government in America. Buckley points out that “parliamentary governments, which lack a separation of powers, rank significantly higher on measures of political freedom” than presidential systems. There are good reasons for that, he argues, among them: parliamentary systems make executives more accountable to the legislature; they discourage political cults of personality by separating the roles of “head of state” and “head o

Medicaid is already the largest item on many state budgets, and federal spending on the program is expected to increase dramatically in the next decade, putting additional strain on an already overextended national budget as well. As enrollment in the program expands under the Affordable Care Act, policymakers will face challenging decisions in how to best manage the program and its escalating costs moving forward. Please join us for a broad discussion of the economics of Medicaid and to hear ideas for reform from our diverse panel of experts. See acast.com/privacy for privacy and opt-out information.

The president has a constitutional duty to “take Care that the Laws be faithfully executed.” Previous administrations have been criticized for overreaching — that is, going beyond what the law expressly authorizes. But the Obama administration has pioneered a new way to shirk this duty: suspension of the law. In numerous areas — including Obamacare implementation, immigration law, education funding, and environmental regulation — the administration has carried out its policy objectives not by exceeding the law’s limits but by picking and choosing which provisions to enforce. In some cases it has relaxed legal requirements as an inducement for states to carry out its preferred policies, without any legal basis. In other cases, like immigration, it has established entirely new programs never authorized by Congress. And in every instance this approach has allowed the administration to avoid legal challenge by ensuring that no party suffers an injury sufficient to confer the legal “standing” nec

This panel will discuss various economic and developmental aspects of ISDS, debate whether ISDS is a necessary inducement for foreign investors, examine the costs and benefits of ISDS rules to various U.S. entities, and consider whether and how ISDS provisions may be impacting the trade agenda. See acast.com/privacy for privacy and opt-out information.

The federal regulatory code has become so voluminous that it now bewilders ordinary citizens. The web of rules and regulations is now so vast that people can become ensnared in circumstances where they meant no harm. Even when there is no infraction, it can be financially ruinous to mount a legal defense against powerful agencies that seem bent on coercing a plea deal or settlement. And what about the reputations, livelihoods, and civil liberties that are sacrificed in that process? Join us for a discussion of these troubling trends and what can be done about them. See acast.com/privacy for privacy and opt-out information.

Purchase BookSmoking is risky for smokers, but is it bad for the rest of us? Science says no. Those who die from smoking tend to die close to retirement age. Lifetime medical costs for smokers are less than for nonsmokers. The risk to others of secondhand smoke is impossible to measure and is probably negligible. In short, smokers are not a public cost. So why are they over-taxed, dissed, and discriminated against in so many ways? A good question, examined at length in Unlucky Strike by John Staddon, author of more than 200 scientific papers, with original illustrations by the renowned artist David Hockney. See acast.com/privacy for privacy and opt-out information.

President Obama recently declared that “the debate” over the Affordable Care Act “is over.” That may be wishful thinking given that the law continues to be unpopular and its implementation keeps hitting snags. Moreover, lawsuits challenging Obamacare are once again reaching the nation’s highest courts. On May 8, the U.S. Court of Appeals for the D.C. Circuit will hear arguments in Sissel v. Department of Health & Human Services, which involves the claim that the ACA’s “tax” on people without health insurance—as the Supreme Court deemed it two years ago—still violates the Constitution. The Constitution’s Origination Clause requires all tax bills to “originate” in the House of Representatives, while Obamacare came from the Senate (recall how the House voted on the Senate bill after Scott Brown won a special Senate election in Massachusetts and deprived the Democrats of their filibuster-proof majority).  Please join us to hear about Sissel and its implications for limited government from the a

The debate over copyright seems to consist of two irreconcilable poles. One side dismisses copyright as a plaything of political forces, imposing illegitimate restraints on freedom of expression. The opposing side regards copyrights as fundamental property rights that deserve the fullest protection of the law—like rights to houses, cars, and other forms of property. Neither view, however, captures the essence of copyright.In his new book, Intellectual Privilege, Chapman University law professor Tom W. Bell reveals copyright as a statutory privilege that threatens not just constitutional rights, but natural rights as well. He proposes a new libertarian view of copyright that reconciles the desire to create incentives for creators with our inalienable liberties. From this fresh perspective come solutions to copyright’s problems and a path toward a world less encumbered by legal restrictions and yet richer in art, music, and other expressive works. See acast.com/privacy for privacy and opt-out information.

The technocratic approach to ending global poverty favored by development experts often strengthens authoritarian governments and neglects or undermines the preferences and personal choices of poor people. William Easterly will explain why a different branch of economics emerged for poor countries and how it has served the interests of decisionmakers in powerful countries, political leaders in poor countries, and humanitarians in rich countries. Join us to hear Professor Easterly make a case in favor of liberty that has so far been disregarded by the experts: poverty can only be ended and development sustained by respecting the individual rights of the world’s poor. See acast.com/privacy for privacy and opt-out information.