The Cato Institute's Weekly Dispatch

September 11, 2008

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The Washington Post Visits the Cato Institute

In an article Thursday, the Washington Post described how recent talk of massive financial bailouts for Wall Street has invigorated scholars at Cato.

Bailout Raises Libertarians’ Market Value: Cato Institute’s Scholars Pained and Pumped By Government Action

 

 

 
  Congress Still Working on Agreement for Financial Bailout  
 

Despite early reports of a deal between Democrats and Republicans, lawmakers remain split over details of the proposed $700 billion financial bailout. President Bush met with congressional leaders on Thursday in hopes of facilitating an agreement. "I'm a strong believer in free enterprise, so my natural instinct is to oppose government intervention," Bush said. But "these are not normal circumstances." Cato scholars don't agree, and have been sharply critical of the bailout proposals.

We hate to say we told you so—in 1997.

Senior Fellow Alan Reynolds in the Wall Street Journal writes that ‘Wall Street’ no longer exists.  

Adjunct scholar Patrick Basham compared the two presidential campaigns in light of the financial crisis in the New York Post, and discussed the political consequences of overregulation.

In a special Cato podcast, Senior Fellow William Niskanen explained how we got in this mess in the first place.

In a Washington Times op-ed, Senior Fellow Richard W. Rahn wrote about Congress’ initial reaction to the bailout plan.

Additional Cato research on this topic

 
 

 

 
  Suicide Bombing in Pakistan  
 

The Associated Press reported, "A suicide bomber detonated a dump truck packed with a ton of explosives outside the Marriott in Pakistan's capital Saturday... kill[ing] at least 38 people and wound[ing] hundreds..."

Foreign Policy Analyst Malou Innocent returned from visiting Pakistan shortly before the attack and explained the future of U.S. Pakistan relations in a Cato Podcast, “Pakistan in Turmoil.”

The Cato Institute invites you to attend our free Capitol Hill briefing, Global Terror's Central Front: Pakistan and Afghanistan, where Innocent and Cato Vice President for Defense and Foreign Policy Studies Ted Galen Carpenter will discuss Afghanistan's meltdown, Pakistan's worsening situation, and the future of U.S. policy in this turbulent and critical region.

 
 

 

 
  NASA Celebrates 50th Anniversary  
 

The Washington Post ran a series of articles Thursday devoted to NASA’s golden anniversary. “There are many people who make the plausible argument that we can’t afford to throw money into space when we have so many practical problems on terra firma….But we already are, in our own half-interested way, a space-faring civilization. The basic principles of space flight are known to us. The big, overriding question is: Where do we go from here?”

Cato’s response: Privatization

Cato Executive Vice President David Boaz penned a piece for our blog Cato@Liberty on the many possibilities of private space exploration.  

For more insight into free market space travel, see Edward Hudgins's book, Space: The Free Market Frontier.

 
 

 

 

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Questions/Comments/Suggestions?

Email Chris Moody, cmoody@cato.org

 

 

 

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