The No Child Left Behind Act was meant to compel states to adopt high standards and rapidly improve K-12 education in public schools. It is now clear that NCLB has been a failure and has set the stage for even greater federal control over curriculum. The solution, contrary to what many advocates claim, is to get the federal government out of America's classrooms. Neal McCluskey, associate director of the Cato Institute's Center for Educational Freedom, comments on NCLB's decade of failure.
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The ongoing COVID-19 pandemic has prompted renewed discussion of the humanitarian costs of one of America’s most frequently deployed foreign policy tools: economic sanctions. The near‐total U.S. embargo on Iran handicapped its response to the coronavirus, with devastating results. Some have called to temporarily lift sanctions on humanitarian grounds, while others either deny that sanctions have blocked much‐needed imports or insist that they be kept in place for security reasons. Other states targeted by harsh U.S. sanctions regimes, such as North Korea, Venezuela, and Cuba, may also be at greater risk in the later stages of the pandemic.
A broader discussion of the utility of economic sanctions in U.S. statecraft is necessary because sanctions sometimes impose devastating humanitarian costs and they generally fail to achieve the policy objectives they were intended to produce. Even beyond the current crisis, policymakers need to reassess the use (and overuse) of economic sanctions more generally.
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https://www.youtube.com/watch?v=0Hy4_bDRw_k
February 10, 2020
Will Free Trade Suffer after Brexit?
Featuring Simon Lester and Caleb O. Brown
The United Kingdom is out of the European Union, so how does that impact the freedom to trade? Simon Lester comments.
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Learn more: https://www.cato.org/multimedia/cato-daily-podcast/will-free-trade-suffer-after-brexit
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https://www.youtube.com/watch?v=1iDFPmFxhbs
Seven weeks into nationwide shutdowns, people are feeling restless. Have some governors and mayors gone too far, as a constitutional matter, in telling people to leave public parks, roping off “nonessential” goods in big‐box stores, and other examples that have gotten national attention?
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https://www.youtube.com/watch?v=ejWK7k6sRFA
What has the election revealed about the country? And what does this say about who Americans really are, what they want and where we are headed? In this episode, Elaine Kamarck, Founding Director of the Center for Effective Public Management at the Brookings Institution; P. J. O’Rourke, bestselling author and H. L. Mencken Research Fellow at the Cato Institute; and Ramesh Ponnuru, senior editor for National Review and visiting fellow at the American Enterprise Institute discuss: what has 2020 taught us about democracy?
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https://www.youtube.com/watch?v=Sjoov8u3NRI
"We need to drive the world — for the good of humanity and the planet — we need to drive it in a libertarian direction. And, I think Cato is the best way...doing that."
— Lewis E. Randall, Former Director, E*TRADE Financial and Board of Directors, The Cato Institute
Forty years ago, the Cato Institute opened its doors. See a timeline of our milestones, read about the future of liberty, and more: https://www.cato.org/cato40.
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https://www.youtube.com/watch?v=l2ajtpbybAE
Johan Norberg states the case for capitalism and the role played by the free market in today’s world. A move away from this, he argues, would not only squeeze the growth out of the economy, but also deepen the exclusion of the most vulnerable.
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https://www.youtube.com/watch?v=AYEEZ5LSPWw
Luncheon and Address: Consumer Protection and Financial Inclusion
Brian Johnson, Deputy Director, Consumer Financial Protection Bureau
New financial tools are bringing more people into the modern financial world — changing how households save, borrow, invest in their futures, and pay for everyday needs, while helping serve the unbanked and underbanked in society. What innovations are making access to financial services easier, more affordable, and safer? How are regulators adapting to such rapid change? Is our regulatory framework helping or hindering progress toward more inclusion?
Join us — along with innovators, policy experts, and regulators — for the 5th annual Cato Summit on Financial Regulation as we explore the policy framework for financial inclusion. Topics include tech-driven consumer credit access, consumer financial data and AI, faster payments for all, and more.
Learn more: https://www.cato.org/events/cato-summit-financial-regulation-2019
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https://www.youtube.com/watch?v=XHWeIibxG7s
We typically think of school choice as something that benefits students by helping them find the educational options that work best for them. But teachers also benefit from more options. In the past, the vast majority of teaching jobs have been in conventional public schools. But educational entrepreneurship—encouraged by expanded school choice programs—is changing the landscape.
A recent Morning Consult teacher survey found high levels of support for a variety of school choice programs. For education savings accounts, which let parents use a portion of state education funding for a variety of education‐related expenses, 76 percent of teachers expressed support—including 73 percent of district school teachers.
But many teachers are unfamiliar with school choice programs and alternative education opportunities or don’t realize how they can benefit from these options. Red tape, lack of autonomy, and inability to serve kids’ needs are some of teachers’ biggest complaints. School choice would help solve each of those problems.
LEARN MORE: https://www.cato.org/events/school-choice-good-teachers-too
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https://www.youtube.com/watch?v=mEnP5bsbp9A
Ever since Congress created the income tax in 1913, workers have been able to avoid paying tax on income they receive in the form of fringe benefits, such as health insurance. The flip side of this feature is that Congress effectively threatens workers with higher taxes unless they allow their employer to control a large portion of their income and their health insurance. As marginal income-tax rates grew, so did that implicit penalty. As health insurance premiums grew, the amount of workers’ money this feature allows employers to control has grown to roughly $900 billion per year.
Eighty-three years later, on August 22, 1996, President Bill Clinton signed a law creating tax-free Archer Medical Savings Accounts (MSAs). Archer MSAs freed workers to receive a small portion of their health benefits as cash—without a tax penalty. Later, President George W. Bush signed a law creating tax-free health savings accounts (HSAs), which allow workers to take more of their health benefits as cash without negative tax consequences. Even so, HSAs have reclaimed for workers less than 5 percent of that $900 billion.
At this virtual forum, leading health policy scholars will commemorate the 25th anniversary of this milestone event and discuss how to return to workers every penny of that $900 billion.
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https://www.youtube.com/watch?v=POoYh4PA2O4