Cato Event Podcast

Please join us for a special documentary film premiere. An Unlikely Solution offers first-person perspectives on the unique, newly emerging phenomena of consumer lending, via the Internet, by Native American tribes.There are few areas of finance that generate more controversy than short-term consumer lending, especially in the form of pay-day or installment loans. Critics see such loans as “predatory,” while others, including many consumers, see such products as filling a critical need of access to credit that traditional banks cannot or will not fill. As if to make an already controversial issue more so, a number of Native American tribes have entered this business, leveraging the power of the Internet to overcome the geographic challenges of remote reservations. The entry of lending companies formed as arms of tribal governments into this business has raised issues of tribal economic development and sovereignty, not normally considered in the regulation of consumer finance.Join us for a screening (approximately 40 minutes) of An Unlikely Solution, which examines these questions from the first-person perspectives of tribes, consumers, regulators and others.Following the film, there will be a special panel discussion featuring Gary Davis, President and CEO, National Center for American Indian Enterprise Development; William Isaac, Former Chair, Federal Deposit Insurance Corporation; and Chico Harlan, Personal Economics Reporter, The Washington Post; moderated by Mark Calabria, Director, Financial Regulation Studies, Cato Institute. Join the conversation on Twitter with the hashtag #UnlikelySolution. Hosted on Acast. See acast.com/privacy for more information.

Our growing national debt has dropped out of the headlines recently — but that doesn’t mean that the problem has gone away. The official national debt recently topped $18 trillion, and is projected to approach $27 trillion within 10 years. Worse, if you include the unfunded liabilities of Social Security and Medicare, our real indebtedness exceeds $90 trillion. Yet, despite these undeniable facts and figures, politicians from both parties continue to avoid taking serious responsibility and action when it comes to the difficult decisions that must be made.Social Security, Medicare, and Medicaid alone account for roughly half of federal spending today, a portion that will only grow larger in the future and increase more rapidly with the government’s newest entitlement program — Obamacare. The simple truth is that there is no way to address America’s debt problem without reforming entitlements.Please join us for a discussion with other leading scholars on the subject — one that carries heavy implications for the future of the U.S. economy. Hosted on Acast. See acast.com/privacy for more information.

In 2005 the Supreme Court ruled that the city of New London, Connecticut, could condemn residential properties and transfer them to a private developer for a planned office park (which never materialized). Although the Fifth Amendment permits taking private property only for "public use," the Court held that transfers to private parties for economic development were a sufficiently public "purpose." This unpopular ruling triggered an unprecedented political and judicial reaction, with 45 states limiting their eminent domain law. But many of these changes impose few or no genuine constraints.In his detailed study of this controversial case — the first book-length analysis of Kelo by a legal scholar — Ilya Somin argues that the ruling was a grave error. Economic development and "blight" condemnations are unconstitutional under both originalist and "living Constitution" theories of legal interpretation. They also victimize the poor and the politically weak, and often destroy more economic value than they create.Despite the case's outcome, Kelo shattered what many believed to be a consensus that virtually any condemnation satisfies the Fifth Amendment. Kelo thus led to significant progress, but there is much work to be done. Please join us for a discussion of the state of property rights in America 10 years after the Supreme Court's most notorious ruling on eminent domain. Hosted on Acast. See acast.com/privacy for more information.

In 2005 the Supreme Court ruled that the city of New London, Connecticut, could condemn residential properties and transfer them to a private developer for a planned office park (which never materialized). Although the Fifth Amendment permits taking private property only for "public use," the Court held that transfers to private parties for economic development were a sufficiently public "purpose." This unpopular ruling triggered an unprecedented political and judicial reaction, with 45 states limiting their eminent domain law. But many of these changes impose few or no genuine constraints.In his detailed study of this controversial case — the first book-length analysis of Kelo by a legal scholar — Ilya Somin argues that the ruling was a grave error. Economic development and "blight" condemnations are unconstitutional under both originalist and "living Constitution" theories of legal interpretation. They also victimize the poor and the politically weak, and often destroy more economic value than they create.Despite the case's outcome, Kelo shattered what many believed to be a consensus that virtually any condemnation satisfies the Fifth Amendment. Kelo thus led to significant progress, but there is much work to be done. Please join us for a discussion of the state of property rights in America 10 years after the Supreme Court's most notorious ruling on eminent domain. Hosted on Acast. See acast.com/privacy for more information.

In 2005 the Supreme Court ruled that the city of New London, Connecticut, could condemn residential properties and transfer them to a private developer for a planned office park (which never materialized). Although the Fifth Amendment permits taking private property only for "public use," the Court held that transfers to private parties for economic development were a sufficiently public "purpose." This unpopular ruling triggered an unprecedented political and judicial reaction, with 45 states limiting their eminent domain law. But many of these changes impose few or no genuine constraints.In his detailed study of this controversial case — the first book-length analysis of Kelo by a legal scholar — Ilya Somin argues that the ruling was a grave error. Economic development and "blight" condemnations are unconstitutional under both originalist and "living Constitution" theories of legal interpretation. They also victimize the poor and the politically weak, and often destroy more economic value than they create.Despite the case's outcome, Kelo shattered what many believed to be a consensus that virtually any condemnation satisfies the Fifth Amendment. Kelo thus led to significant progress, but there is much work to be done. Please join us for a discussion of the state of property rights in America 10 years after the Supreme Court's most notorious ruling on eminent domain. Hosted on Acast. See acast.com/privacy for more information.

Hosted on Acast. See acast.com/privacy for more information.

June marks the 800th anniversary of the Magna Carta, the “Great Charter of Liberties” that King John of England agreed to and that aimed to limit the Crown’s power. The Magna Carta exerted a significant influence on the development of the common law in England and subsequently in the United States. Richard Helmholz will explain the emergence of the Magna Carta, describe its substance, and discuss its impact on the rule of law in England. Roger Pilon will speak about the charter’s importance to the United States. And Tom Palmer will discuss similar charters in other parts of medieval Europe. Other speakers will address the unsteady spread of the rule of law around the world: Richard Pipes will describe the case of Russia, Swami Aiyar will discuss India’s experience, and Juan Carlos Botero will give a global overview of progress and challenges based on the Rule of Law Index. Hosted on Acast. See acast.com/privacy for more information.

June marks the 800th anniversary of the Magna Carta, the “Great Charter of Liberties” that King John of England agreed to and that aimed to limit the Crown’s power. The Magna Carta exerted a significant influence on the development of the common law in England and subsequently in the United States. Richard Helmholz will explain the emergence of the Magna Carta, describe its substance, and discuss its impact on the rule of law in England. Roger Pilon will speak about the charter’s importance to the United States. And Tom Palmer will discuss similar charters in other parts of medieval Europe. Other speakers will address the unsteady spread of the rule of law around the world: Richard Pipes will describe the case of Russia, Swami Aiyar will discuss India’s experience, and Juan Carlos Botero will give a global overview of progress and challenges based on the Rule of Law Index. Hosted on Acast. See acast.com/privacy for more information.

The Federal Reserve’s “stress tests” were intended to make the financial system safer. Using risk modeling, the tests subject banks to various stress scenarios in the economy to see how well they would perform and determine the capital “buffer” banks need to remain solvent and safely weather poor economic conditions. But with the Fed relying on risk modeling to determine regulatory capital requirements for banks, what happens if the models are wrong? Risk models can suffer from major weaknesses, ranging from poor assumptions to inadequate data, and can be particularly blind to tail-end risks—for example, the subprime crisis. Rather than making us safer, could the reliance on risk modeling by regulators actually be paving the way for the next systemwide financial crisis? Hosted on Acast. See acast.com/privacy for more information.

Hosted on Acast. See acast.com/privacy for more information.