Cato Event Podcast

Many people believe that science and research are public goods and thus need financial support from the government. Most economists believe that economic growth depends on innovation which in turn arises from science and research. The conventional wisdom concludes that economic growth depends on government largesse, perhaps as much as it does on markets.Economic growth and innovation are closely linked, but we might doubt that science and research are public goods. Consider the history of public support for science. The United States was effectively laissez faire in science and research until 1940, yet the inauguration of vast federal funding for science and innovation since that date has not altered the nation’s underlying rates of economic growth. The Wright brothers, Thomas Edison, and Nikola Tesla transformed their industries without government grants. Indeed, in 2003 the Organization for Economic Co-operation and Development OECD found in surveying its members that only privately funded R&D led to economic growth—publicly funded R&D had no beneficial effects at all.Everybody supports the public funding of scientific research: industry loves corporate welfare, the universities love the grants, the politicians love the reflected glory, and the general public believes the conventional wisdom previously noted. Terence Kealey argues that science and research are most certainly not public goods and that we could—if we wished—leave R&D solely to the market. Hosted on Acast. See acast.com/privacy for more information.

The Great Recession ended over five years ago, so why does the U.S. economy remain so sluggish? Fears are mounting that growth rates well below the long-term historical trend line may now be the “new normal.” Labor-force participation has been falling, while growth in labor skills has slowed considerably. Furthermore, the main engine of innovation—the “creative destruction” of entrepreneurial dynamism—appears to be sputtering, as the rates of both gross job creation and destruction and new firm formation have been declining steadily. Meanwhile, some experts even argue that the low-hanging fruit of major transformative breakthroughs has already been plucked and that, consequently, technological progress itself is winding down.The purpose of this conference is to assess the long-term growth outlook of the U.S. economy and explore what policy changes might be needed to arrest and reverse the growth slowdown. We will bring together top economists and other experts for a full-day conference on these vital issues, with the first three sessions devoted to diagnosis of the key problems and the final two sessions focused on prescriptions for growth-enhancing policy reforms.In conjunction with the conference, the Cato Institute is hosting a special online forum on reviving economic growth. We have reached out to leading economists and policy experts and challenged them to answer the following question: “If you could wave a magic wand and make one or two policy or institutional changes to brighten the U.S. economy’s long-term growth prospects, what would you change and why?” Their response essays will be made available here in the run-up to the conference. Hosted on Acast. See acast.com/privacy for more information.

The Great Recession ended over five years ago, so why does the U.S. economy remain so sluggish? Fears are mounting that growth rates well below the long-term historical trend line may now be the “new normal.” Labor-force participation has been falling, while growth in labor skills has slowed considerably. Furthermore, the main engine of innovation—the “creative destruction” of entrepreneurial dynamism—appears to be sputtering, as the rates of both gross job creation and destruction and new firm formation have been declining steadily. Meanwhile, some experts even argue that the low-hanging fruit of major transformative breakthroughs has already been plucked and that, consequently, technological progress itself is winding down.The purpose of this conference is to assess the long-term growth outlook of the U.S. economy and explore what policy changes might be needed to arrest and reverse the growth slowdown. We will bring together top economists and other experts for a full-day conference on these vital issues, with the first three sessions devoted to diagnosis of the key problems and the final two sessions focused on prescriptions for growth-enhancing policy reforms.In conjunction with the conference, the Cato Institute is hosting a special online forum on reviving economic growth. We have reached out to leading economists and policy experts and challenged them to answer the following question: “If you could wave a magic wand and make one or two policy or institutional changes to brighten the U.S. economy’s long-term growth prospects, what would you change and why?” Their response essays will be made available here in the run-up to the conference. Hosted on Acast. See acast.com/privacy for more information.

The Great Recession ended over five years ago, so why does the U.S. economy remain so sluggish? Fears are mounting that growth rates well below the long-term historical trend line may now be the “new normal.” Labor-force participation has been falling, while growth in labor skills has slowed considerably. Furthermore, the main engine of innovation—the “creative destruction” of entrepreneurial dynamism—appears to be sputtering, as the rates of both gross job creation and destruction and new firm formation have been declining steadily. Meanwhile, some experts even argue that the low-hanging fruit of major transformative breakthroughs has already been plucked and that, consequently, technological progress itself is winding down.The purpose of this conference is to assess the long-term growth outlook of the U.S. economy and explore what policy changes might be needed to arrest and reverse the growth slowdown. We will bring together top economists and other experts for a full-day conference on these vital issues, with the first three sessions devoted to diagnosis of the key problems and the final two sessions focused on prescriptions for growth-enhancing policy reforms.In conjunction with the conference, the Cato Institute is hosting a special online forum on reviving economic growth. We have reached out to leading economists and policy experts and challenged them to answer the following question: “If you could wave a magic wand and make one or two policy or institutional changes to brighten the U.S. economy’s long-term growth prospects, what would you change and why?” Their response essays will be made available here in the run-up to the conference. Hosted on Acast. See acast.com/privacy for more information.

The Great Recession ended over five years ago, so why does the U.S. economy remain so sluggish? Fears are mounting that growth rates well below the long-term historical trend line may now be the “new normal.” Labor-force participation has been falling, while growth in labor skills has slowed considerably. Furthermore, the main engine of innovation—the “creative destruction” of entrepreneurial dynamism—appears to be sputtering, as the rates of both gross job creation and destruction and new firm formation have been declining steadily. Meanwhile, some experts even argue that the low-hanging fruit of major transformative breakthroughs has already been plucked and that, consequently, technological progress itself is winding down.The purpose of this conference is to assess the long-term growth outlook of the U.S. economy and explore what policy changes might be needed to arrest and reverse the growth slowdown. We will bring together top economists and other experts for a full-day conference on these vital issues, with the first three sessions devoted to diagnosis of the key problems and the final two sessions focused on prescriptions for growth-enhancing policy reforms.In conjunction with the conference, the Cato Institute is hosting a special online forum on reviving economic growth. We have reached out to leading economists and policy experts and challenged them to answer the following question: “If you could wave a magic wand and make one or two policy or institutional changes to brighten the U.S. economy’s long-term growth prospects, what would you change and why?” Their response essays will be made available here in the run-up to the conference. Hosted on Acast. See acast.com/privacy for more information.

The Great Recession ended over five years ago, so why does the U.S. economy remain so sluggish? Fears are mounting that growth rates well below the long-term historical trend line may now be the “new normal.” Labor-force participation has been falling, while growth in labor skills has slowed considerably. Furthermore, the main engine of innovation—the “creative destruction” of entrepreneurial dynamism—appears to be sputtering, as the rates of both gross job creation and destruction and new firm formation have been declining steadily. Meanwhile, some experts even argue that the low-hanging fruit of major transformative breakthroughs has already been plucked and that, consequently, technological progress itself is winding down.The purpose of this conference is to assess the long-term growth outlook of the U.S. economy and explore what policy changes might be needed to arrest and reverse the growth slowdown. We will bring together top economists and other experts for a full-day conference on these vital issues, with the first three sessions devoted to diagnosis of the key problems and the final two sessions focused on prescriptions for growth-enhancing policy reforms.In conjunction with the conference, the Cato Institute is hosting a special online forum on reviving economic growth. We have reached out to leading economists and policy experts and challenged them to answer the following question: “If you could wave a magic wand and make one or two policy or institutional changes to brighten the U.S. economy’s long-term growth prospects, what would you change and why?” Their response essays will be made available here in the run-up to the conference. Hosted on Acast. See acast.com/privacy for more information.

What happens when the biggest businesses in the world are accused of committing crimes? What should happen? Too Big to Jail peers into the hidden world of corporate prosecutions, revealing how Justice Department lawyers have used settlements, non-prosecution agreements, deferred prosecution agreements, and plea bargains to exact billions of dollars from corporate defendants—without ever going to court. This lack of judicial oversight creates a very real danger that justice is not being served: the guilty can literally buy their way out of prosecution, while others are forced to pay fines grossly disproportionate to any offense. Please join us for an in-depth discussion with two scholars whose work is on the cutting edge of an emerging national debate. Hosted on Acast. See acast.com/privacy for more information.

Luncheon Address — Restoring the Lost Constitution Randy Barnett, Author, Senior Fellow, Cato InstituteDirector, Georgetown Center for the Constitution Hosted on Acast. See acast.com/privacy for more information.

James L. Buckley’s new book, Saving Congress from Itself, describes the damage caused by federal aid-to-state programs and proposes a full repeal. Buckley’s analysis is grounded in his distinguished career as a U.S. senator from New York, a judge on the U.S. Court of Appeals for the D.C. Circuit, and a high-level Reagan administration official. He argues that repealing aid-to-state programs would free the federal government to focus on truly national matters, put the government on sounder financial footing, and improve the ability of states to manage their programs for education, welfare, transportation, and other activities. Cato’s Roger Pilon and Chris Edwards will comment on Buckley’s proposal and describe the legal and practical aspects of reviving federalism and ending aid. Hosted on Acast. See acast.com/privacy for more information.

Sixty years ago the U.S. Supreme Court's first case on gay rights was set in motion. It has been neglected through many of the intervening years but is now recognized as a landmark in the law of free speech. In One, Inc., v. Olesen, a fledgling Los Angeles–based magazine seeking to advance the interests of homosexuals sued after the Post Office declared it obscene and banned its distribution through the mail. Against long odds, facing the full force of the federal government, and with little support from the civil libertarians of the day, the small publication persevered to the Supreme Court—and its unexpected victory there opened up legal space for other dissenting and unpopular opinions to thrive. Join us as three experts discuss the One, Inc. case as a turning point in First Amendment law and an example of how freedom of expression works to vindicate the interests of those on society's margins. We'll also learn about ongoing efforts to get the U.S. government to open its archives to shed light on its handling of the case. Hosted on Acast. See acast.com/privacy for more information.