Reforming the Federal Reserve, Brick by Brick

For more than a century, the Federal Reserve has accumulated responsibilities far beyond monetary policy, from bank regulation to payments and emergency lending. The Cato Institute's Nick Anthony, Norbert Michel, and Jai Kedia break down what the Fed actually controls, what it does not, and why inflation, debt, and financial instability cannot be fixed by interest-rate tweaks alone. Hosted on Acast. See acast.com/privacy for more information.

After more than two decades of socialist rule, Venezuela faces a rare opportunity for democratic transition following Maduro’s removal. Ian Vásquez and Marcos Falcone trace the regime’s record of repression and economic collapse, explain why regime insiders cannot credibly deliver reform, and make the case for immediate engagement with María Corina Machado and the opposition that overwhelmingly won the 2024 election. Hosted on Acast. See acast.com/privacy for more information.

Cato’s Neal McCluskey is joined by Cheryl Fields-Smith, Matthew Lee, and Ron Matus to discuss the new book Fighting for the Freedom to Learn and the centuries-long movement for school choice in America. They challenge the myth that school choice is a modern or partisan project, showing how diverse communities, religious groups, progressives, and parents have long sought pluralistic education options, which is the only way to deliver education consistent with a free and diverse society. Hosted on Acast. See acast.com/privacy for more information.

With aircraft carriers moving into position and calls for “new leadership” in Tehran growing louder, the risk of U.S. military action remains high despite the absence of a coherent strategy. The Cato Institute's Brandan P. Buck and Jon Hoffman argue that vague objectives, inflated threat perceptions, and regime-change fantasies threaten to pull the United States into a costly war that Americans do not want. Hosted on Acast. See acast.com/privacy for more information.

From over-the-counter drugs to employer-controlled health benefits, Cato's Michael Cannon and Dr. Jeffrey Singer argue that real health reform means giving patients control over their own money rather than reshuffling subsidies. They explain how freeing short-term plans, deregulating prescriptions, and ending tax favoritism for employer insurance could deliver lower prices, broader choice, and more durable reform than another round of federal spending. Hosted on Acast. See acast.com/privacy for more information.

Cato's David Bier and Chris Edwards discuss the welfare fraud scandals in Minnesota, including the $250 million Feeding Our Future scam, to explain how federal money flowing through state programs creates weak oversight and incentives for abuse. They argue that the structure of federal aid to states, not immigration or individual bad actors, is the core driver of fraud in welfare, housing, and health programs. Hosted on Acast. See acast.com/privacy for more information.

As data centers begin demanding power at the scale of entire cities, the electricity system is running headlong into regulatory barriers built for a different era. The Cato Institute's Travis Fisher sits down with Glen Lyons, the founder of Advocates for Consumer Regulated Electricity, to explore proposals for off-grid utilities, Senator Tom Cotton’s new legislation, and how market-based approaches could accelerate supply while protecting consumers from rising costs and reliability risks.  Hosted on Acast. See acast.com/privacy for more information.

The arrest of Nicolás Maduro raises hard questions about presidential power, congressional authority, and the legal boundaries of military force. Cato's Brandan P. Buck and Clark Neily analyze the operation’s status under U.S. and international law, its implications for future conflicts, and why ambiguity has become the executive branch’s most dangerous tool. Hosted on Acast. See acast.com/privacy for more information.

A Russian dissident living in exile finds her US bank accounts closed after being labeled an extremist by the Kremlin. Nicholas Anthony interviews Anna Chekhovich of the Anti-Corruption Foundation about her experience being debanked. Together, they unpack how sanctions, anti-money laundering rules, and financial surveillance systems enable authoritarian governments to silence critics beyond their borders. Hosted on Acast. See acast.com/privacy for more information.

A plan to massively expand FDIC insurance is gaining traction in Washington, despite little evidence that customers or community banks are asking for it. Cato's Nicholas Anthony, Norbert Michel, and Jill Castilla, CEO of Citizens Bank of Edmond, show how the proposal would subsidize wealthy depositors, weaken market discipline, and entrench bailout expectations across the banking system. Hosted on Acast. See acast.com/privacy for more information.