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The Cato Institute is an
American libertarian In the United States, libertarianism is a political philosophy promoting individual liberty. According to common meanings of conservatism and liberalism in the United States, libertarianism has been described as ''conservative'' on economic iss ...
think tank A think tank, or policy institute, is a research institute that performs research and advocacy concerning topics such as social policy, political strategy, economics, military, technology, and culture. Most think tanks are non-governmental ...
headquartered in
Washington, D.C. ) , image_skyline = , image_caption = Clockwise from top left: the Washington Monument and Lincoln Memorial on the National Mall, United States Capitol, Logan Circle, Jefferson Memorial, White House, Adams Morgan, ...
It was founded in 1977 by
Ed Crane Edward Crane may refer to: * Ed Crane (baseball) (1862–1896), American right-handed pitcher and outfielder in Major League Baseball * Ed Crane (journalist), reporter for CBS News * Ed Crane (politician) (born 1944), founder of the Cato Institute * ...
,
Murray Rothbard Murray Newton Rothbard (; March 2, 1926 – January 7, 1995) was an American economist of the Austrian School, economic historian, political theorist, and activist. Rothbard was a central figure in the 20th-century American libertaria ...
, and
Charles Koch Charles de Ganahl Koch ( ; born November 1, 1935) is an American billionaire businessman. As of November 2022, he was ranked as the 13th richest person in the world on '' Bloomberg Billionaires Index'', with an estimated net worth of $66 billi ...
, chairman of the board and chief executive officer of
Koch Industries Koch Industries, Inc. ( ) is an American privately held multinational conglomerate corporation based in Wichita, Kansas and is the second-largest privately held company in the United States, after Cargill. Its subsidiaries are involved in th ...
.Koch Industries is the second largest privately held company by revenue in the United States. Cato was established to have a focus on public
advocacy Advocacy is an Action (philosophy), activity by an individual or advocacy group, group that aims to influence decision making, decisions within political, economic, and social institutions. Advocacy includes activities and publications to infl ...
, media exposure and societal influence. According to the ''2020 Global Go To Think Tank Index Report'' (
Think Tanks and Civil Societies Program The Think Tanks and Civil Societies Program (TTCSP) was a non-profit program at the University of Pennsylvania in Philadelphia, Pennsylvania, that operated from 1989 to 2021. TTCSP was originally established at the Foreign Policy Research Institu ...
,
University of Pennsylvania The University of Pennsylvania (also known as Penn or UPenn) is a private research university in Philadelphia. It is the fourth-oldest institution of higher education in the United States and is ranked among the highest-regarded universit ...
), Cato is number 27 in the "Top Think Tanks Worldwide" and number 13 in the "Top Think Tanks in the United States". The Cato Institute is libertarian in its political philosophy, and advocates a limited role for government in domestic and foreign affairs as well as a strong protection of civil liberties. This includes support for lowering or abolishing most taxes, opposition to the
Federal Reserve The Federal Reserve System (often shortened to the Federal Reserve, or simply the Fed) is the central banking system of the United States of America. It was created on December 23, 1913, with the enactment of the Federal Reserve Act, after a ...
system and the
Affordable Care Act The Affordable Care Act (ACA), formally known as the Patient Protection and Affordable Care Act and colloquially known as Obamacare, is a landmark U.S. federal statute enacted by the 111th United States Congress and signed into law by Pres ...
, the privatization of numerous government agencies and programs including
Social Security Welfare, or commonly social welfare, is a type of government support intended to ensure that members of a society can meet basic human needs such as food and shelter. Social security may either be synonymous with welfare, or refer specificall ...
and the
United States Postal Service The United States Postal Service (USPS), also known as the Post Office, U.S. Mail, or Postal Service, is an Independent agencies of the United States government, independent agency of the executive branch of the Federal government of the Uni ...
, demilitarization of the police, and adhering to a
non-interventionist Non-interventionism or non-intervention is a political philosophy Political philosophy or political theory is the philosophical study of government, addressing questions about the nature, scope, and legitimacy of public agents and institution ...
foreign policy.


History

The institute was founded in January 1977 in
San Francisco, California San Francisco (; Spanish for "Saint Francis"), officially the City and County of San Francisco, is the commercial, financial, and cultural center of Northern California. The city proper is the fourth most populous in California and 17th ...
; named at the suggestion of
Murray Rothbard Murray Newton Rothbard (; March 2, 1926 – January 7, 1995) was an American economist of the Austrian School, economic historian, political theorist, and activist. Rothbard was a central figure in the 20th-century American libertaria ...
after ''
Cato's Letters ''Cato's Letters'' were essays by British writers John Trenchard (writer), John Trenchard and Thomas Gordon (writer), Thomas Gordon, first published from 1720 to 1723 under the pseudonym of Cato the Younger, Cato (95–46 Before Christ, BC), the ...
'', a series of British essays penned in the early 18th century by John Trenchard and Thomas Gordon. In 1981,
Murray Rothbard Murray Newton Rothbard (; March 2, 1926 – January 7, 1995) was an American economist of the Austrian School, economic historian, political theorist, and activist. Rothbard was a central figure in the 20th-century American libertaria ...
was removed from the Cato Institute by the board. The board wanted to move Cato into political policy making. Rothbard thought it should be devoted to scholarship. Cato relocated to Washington, D.C., in 1981, settling initially in a historic house on
Capitol Hill Capitol Hill, in addition to being a metonym for the United States Congress, is the largest historic residential neighborhood in Washington, D.C., stretching easterly in front of the United States Capitol along wide avenues. It is one of the ...
. The institute moved to its current location on
Massachusetts Avenue Massachusetts Avenue may refer to: * Massachusetts Avenue (metropolitan Boston), Massachusetts ** Massachusetts Avenue (MBTA Orange Line station), a subway station on the MBTA Orange Line ** Massachusetts Avenue (MBTA Silver Line station), a stati ...
in 1993. Cato Institute was named the fifth-ranked think tank in the world for 2009 in a study of think tanks by James G. McGann, PhD of the
University of Pennsylvania The University of Pennsylvania (also known as Penn or UPenn) is a private research university in Philadelphia. It is the fourth-oldest institution of higher education in the United States and is ranked among the highest-regarded universit ...
, based on a criterion of excellence in "producing rigorous and relevant research, publications and programs in one or more substantive areas of research". By 2011, the Cato Institute had a budget of $39 million and was "one of the largest think tanks in Washington".


Activities

Various Cato programs were favorably ranked in a survey published by the
University of Pennsylvania The University of Pennsylvania (also known as Penn or UPenn) is a private research university in Philadelphia. It is the fourth-oldest institution of higher education in the United States and is ranked among the highest-regarded universit ...
in 2012.


Publications

The Cato Institute publishes numerous policy studies, briefing papers, periodicals, and books. Journals include the ''
Cato Journal The ''Cato Journal'' is a triannual peer-reviewed academic journal which covers public policy from an Austro-libertarian point of view. It was established in 1981 and is published by the Cato Institute. It publishes articles discussing politic ...
'' (since 1981) and ''Regulation'' (acquired in 1990). Other periodicals include ''Cato's Letter'', ''Cato Supreme Court Review'', and ''Cato Policy Report''. Cato published ''
Inquiry Magazine ''Inquiry Magazine'', sometimes titled ''Inquiry: A Libertarian Review'', was a libertarian magazine published from November 1977 to 1984. It was originally published by the Cato Institute, then later transferred to the Libertarian Review Foundat ...
'' from 1977 to 1982 (before transferring it to the
Libertarian Review Foundation ''Libertarian Review'' was an American libertarian magazine published until 1981. It had been established by Robert Kephart in 1972 as a book-review magazine, initially titled ''SIL Book Review'' (2 issues), then ''Books for Libertarians'', and ...
) and ''Literature of Liberty'' from 1978 to 1979 (before transferring it to the
Institute for Humane Studies The Institute for Humane Studies (IHS) is a non-profit organization that promotes the teaching and research of classical liberalism in higher education in the United States. IHS offers funding opportunities, programs, and events for faculty and g ...
). Additionally, Cato publishes numerous white papers on a wide variety of policy topics. Some notable examples include ''Drug Decriminalization in Portugal: Lessons for Creating Fair and Successful Drug Policies'' (2009) by
Glenn Greenwald Glenn Edward Greenwald (born March 6, 1967) is an American journalist, author and lawyer. In 2014, he cofounded ''The Intercept'', of which he was an editor until he resigned in October 2020. Greenwald subsequently started publishing on Substa ...
and ''Overkill: The Rise of Paramilitary Policy Raids in America'' (2006) by
Radley Balko Radley Prescott Balko (born April 19, 1975) is an American journalist, author, blogger, and speaker who writes about criminal justice, the drug war, and civil liberties. In 2022, he began publishing his work on Substack after being let go from ' ...
. Cato also co-publishes the annual '' Human Freedom Index'' (2015–) with the
Fraser Institute The Fraser Institute is a libertarian-conservative Canadian public policy think tank and registered charity. The institute describes itself as independent and non-partisan. It is headquartered in Vancouver, with additional offices in Calgary, Tor ...
and is the co-publisher with Fraser of the U.S. edition of the '' Economic Freedom of the World'' annual report (1996–).


Books published by the Cato Institute

* ''Social Security: The Inherent Contradiction'' ( Peter J. Ferrara, 1980, Cato's first book and the first case for privatization) * ''Kindly Inquisitors: The New Attacks on Free Thought'' (
Jonathan Rauch Jonathan Charles Rauch (; born April 26, 1960) is an American author, journalist, and activist. After graduating from Yale University, Rauch worked at the ''Winston-Salem Journal'' in North Carolina, for ''National Journal'', and later for ''The ...
, 1993, a Cato co-pub with University of Chicago Press) * ''Patient Power: Solving America's Health Care Crisis'' (
John C. Goodman John C. Goodman (born 22 May 1946) is president and CEO of the Goodman institute for Public Policy Research, a think tank focused on public policy issues. He was the founding chief executive of the National Center for Policy Analysis, which ope ...
and Gerald L. Musgrave, 1994) * ''Cato Handbook for Congress'' (1995, the first in a series that eventually became the Cato Handbook for Policymakers) * ''Cato Pocket Constitution'' (2002) * ''In Defense of Global Capitalism'' (
Johan Norberg Johan Norberg (; born 27 August 1973) is a Swedish author and historian of ideas, devoted to promoting economic globalization and what he describes as classical liberal positions. He is arguably most known as the author of ''In Defense of Global ...
, 2003) * ''
The Improving State of the World ''The Improving State of the World: Why We're Living Longer, Healthier, More Comfortable Lives On a Cleaner Planet'' () is a 2007 book by Indur M. Goklany, published by the Cato Institute. As per the title, it argues that the state of the world a ...
: Why We're Living Longer, Healthier, More Comfortable Lives on a Cleaner Planet'' ( Indur Goklany, 2007) * ''The Cult of the Presidency: America's Dangerous Devotion to Executive Power'' (
Gene Healy Gene Healy (born November 16, 1970) is an American political pundit, journalist and editor. He serves as Vice President at the libertarian think tank Cato Institute, as well as a contributing editor to '' Liberty'' magazine. Education Healy ...
, 2008) * ''The Beautiful Tree: A Personal Journey into How the World's Poorest People are Educating Themselves'' (
James Tooley James Nicholas Tooley (born July 1959, in Southampton, England) is a professor of educational entrepreneurship and of education policy at the University of Buckingham. In July 2020 Tooley was appointed as the new Vice-Chancellor of the Universi ...
, 2009, winner of the Sir Antony Fisher International Memorial Award) * ''The Tyranny of Silence'' (
Flemming Rose Flemming Rose (born 11 March 1958) is a Danish journalist, author and Senior Fellow at the Cato Institute. He previously served as foreign affairs editor at the Danish newspaper ''Jyllands-Posten''. As culture editor of the same newspaper, he was ...
, 2014) * ''The Conscience of the Constitution: The Declaration of Independence and the Right to Liberty'' ( Timothy Sandefur, 2013) * ''The Fire Next Door: Mexico's Drug Violence and the Danger to America'' ( Ted Galen Carpenter, 2016) * ''Overcharged: Why Americans Pay Too Much for Health Care'' ( Charles Silver and David A. Hyman, 2018) * ''Ten Global Trends Every Smart Person Should Know'' (
Marian Tupy Marian may refer to: People * Mari people, a Finno-Ugric ethnic group in Russia * Marian (given name), a list of people with the given name * Marian (surname), a list of people so named Places *Marian, Iran (disambiguation) * Marian, Queenslan ...
and
Ronald Bailey Ronald Bailey (born November 23, 1953) is an American libertarian science writer. He has written or edited several books on economics, ecology, and biotechnology. Personal life Bailey was born in San Antonio, Texas, and raised in Washington Co ...
, 2020) * ''School Choice Myths: Setting the Record Straight on Education Freedom'' (
Neal McCluskey The Cato Institute is an American libertarian think tank headquartered in Washington, D.C. It was founded in 1977 by Ed Crane, Murray Rothbard, and Charles Koch, chairman of the board and chief executive officer of Koch Industries.Koch Indus ...
and Corey A. DeAngelis, 2020) * ''Economics in One Virus'' (
Ryan Bourne Ryan may refer to: People and fictional characters *Ryan (given name), a given name (including a list of people with the name) * Ryan (surname), a surname (including a list of people with the name) Places Australia * Division of Ryan, an elect ...
, 2021) * ''The Most Common Arguments against Immigration and Why They’re Wrong'' (
Alex Nowrasteh Alexander Nowrasteh is an American analyst of immigration policy currently working at the Cato Institute, a libertarian think tank located in Washington D.C. Nowrasteh is an advocate of freer migration to the United States. He previously worked a ...
, 2021) * ''Eyes to the Sky: Privacy and Commerce in the Age of the Drone'' ( Matthew Feeney, 2021) * ''Why, as a Muslim, I Defend Liberty'' (
Mustafa Akyol Mustafa Akyol (born 20 February 1972) is a Turkish writer and journalist. He is the author of ''Islam without Extremes: A Muslim Case for Liberty'', long-listed in 2012 for the Lionel Gelber Prize, a literary award for the world's best non-fict ...
, 2021)


Other notable books by Cato scholars

* ''
Restoring the Lost Constitution ''Restoring the Lost Constitution: The Presumption of Liberty'' is a 2003 book about the United States Constitution written by Randy Barnett, a professor of law at the Georgetown University Law Center. In the book, Barnett outlines his theory o ...
'' (
Randy Barnett Randy Evan Barnett (born February 5, 1952) is an American legal scholar. He serves as the Patrick Hotung Professor of Constitutional Law at Georgetown University, where he teaches constitutional law and contracts, and is the director of the Geor ...
, 2003) * ''The Encyclopedia of Libertarianism'' (2008,
Ronald Hamowy Ronald Hamowy (; April 17, 1937 – September 8, 2012) was a Canadian academic, known primarily for his contributions to political and social academic fields. At the time of his death, he was professor emeritus of Intellectual History at the Unive ...
) * ''Islam Without Extremes: A Muslim Case for Liberty'' (
Mustafa Akyol Mustafa Akyol (born 20 February 1972) is a Turkish writer and journalist. He is the author of ''Islam without Extremes: A Muslim Case for Liberty'', long-listed in 2012 for the Lionel Gelber Prize, a literary award for the world's best non-fict ...
, 2011) * ''The Financial Crisis and the Free Market Cure'' ( John A. Allison, 2012) * ''The Libertarian Mind: A Manifesto for Freedom'' (
David Boaz David Boaz (; born August 29, 1953, Mayfield, Kentucky) is the executive vice president of the Cato Institute, an American libertarian think tank. He is the author of ''Libertarianism: A Primer'', published in 1997 by the Free Press and describ ...
, 2015, previously Libertarianism: A Primer) * ''The Libertarian Reader'' (Edited by
David Boaz David Boaz (; born August 29, 1953, Mayfield, Kentucky) is the executive vice president of the Cato Institute, an American libertarian think tank. He is the author of ''Libertarianism: A Primer'', published in 1997 by the Free Press and describ ...
, 2015) * ''The Radio Right'' (Paul Matzko, 2020) * ''Rise of the Warrior Cop: The Militarization of America's Policy Forces'' (
Radley Balko Radley Prescott Balko (born April 19, 1975) is an American journalist, author, blogger, and speaker who writes about criminal justice, the drug war, and civil liberties. In 2022, he began publishing his work on Substack after being let go from ' ...
, 2013) * ''Open: The Story of Human Progress'' (
Johan Norberg Johan Norberg (; born 27 August 1973) is a Swedish author and historian of ideas, devoted to promoting economic globalization and what he describes as classical liberal positions. He is arguably most known as the author of ''In Defense of Global ...
, 2020)


Podcasts

* ''The Cato Daily Podcast'', hosted by Caleb O. Brown, allows Cato Institute scholars and other commenters to discuss relevant news and libertarian thought in a conversational, informal manner. * ''Power Problems'', hosted by John Glaser, is a bi‐weekly podcast offering a skeptical take on U.S. foreign policy, and discussion of today's big questions in international security with guests from across the political spectrum. * ''Cato Events'' offers listeners a chance to stay up‐to‐date on a wide range of essential contemporary issues through presentations by leading national authorities. * ''Cato Audio'' covers important policy debates in Washington. * ''Cato Out Loud'', provides the most notable of Cato's print publications in an audio format. * ''Free Thoughts'', hosted by Aaron Ross Powell and Trevor Burrus, is a weekly show about politics and liberty, featuring conversations with top scholars, philosophers, historians, economists, and public policy experts. * ''Building Tomorrow'', hosted by Paul Matzko, explores the ways technology, innovation, and entrepreneurship are creating a freer, wealthier, and more peaceful world. * ''Pop & Locke'', hosted by Landry Ayres and Natalie Dowzicky, explores the intersection of political ideas and pop culture. * ''Portraits of Liberty'' investigates the lives and philosophies of thinkers throughout history who argued in favor of a freer world. * ''The Pursuit'', hosted by Tess Terrible, Landry Ayres, and Natalie Dowzicky, is a podcast about government action and individual liberty. * ''Liberty Chronicles'', hosted by Anthony Comegna, combines innovative libertarian thinking about history with specialist interviews, primary and secondary sources, and answers to listener questions. * ''Excursions Into Libertarian Thought'', hosted by George H. Smith, explores the history of libertarian ideas. * ''Classics of Liberty'', hosted by Caleb O.Brown, relives classic works and speeches of classical liberals * ''The Human Progress Podcast'', hosted by Marian L. Tupy and Chelsea Follett, explores different aspects of progress and the challenges to progress.


Web projects

In addition to maintaining its own website in English and Spanish, Cato maintains websites focused on particular topics: * "Downsizing the Federal Government" contains essays on the size of the U.S. federal government and recommendations for decreasing various programs. * Libertarianism.org is a website focused on the theory and practice of libertarianism. * ''Cato Unbound'', a web-only publication that features a monthly open debate among four people. The conversation begins with one lead essay, followed by three response essays by separate people. After that, all four participants can write as many responses and counter-responses as they want for the duration of that month. * PoliceMisconduct.net contains reports and stories from Cato's National Police Misconduct Reporting Project and the National Police Misconduct News Feed. *
Overlawyered Overlawyered was a law blog on the subject of tort reform run by author Walter Olson. Founded in 1999, it is "widely considered to be the oldest legal blog and is also one of the most popular", according to Law.com. The subject of the site is all ...
is a law blog on the subject of tort reform run by author
Walter Olson Walter K. Olson (born 1954) is an author and blogger who writes mostly about legal subjects, including tort reform. Olson is a senior fellow of the Cato Institute, a libertarian think tank in Washington, D.C. Formerly, Olson was associated with th ...
. * HumanProgress.org is an interactive data web project that catalogs increases in prosperity driven by the free market. * "Public Schooling Battle Map" illustrates different moral conflicts that result from public schooling. * UnlawfulShield.com is dedicated to abolishing
Qualified Immunity In the United States, qualified immunity is a legal principle that grants government officials performing discretionary (optional) functions immunity from civil suits unless the plaintiff shows that the official violated "clearly established statu ...
. * FreedomInthe50States.org ranks states by policies that shape personal and economic freedom.
Social media Social media are interactive media technologies that facilitate the creation and sharing of information, ideas, interests, and other forms of expression through virtual communities and networks. While challenges to the definition of ''social me ...
sponsored by Cato includes pages on
Facebook Facebook is an online social media and social networking service owned by American company Meta Platforms. Founded in 2004 by Mark Zuckerberg with fellow Harvard College students and roommates Eduardo Saverin, Andrew McCollum, Dustin ...
,
Twitter Twitter is an online social media and social networking service owned and operated by American company Twitter, Inc., on which users post and interact with 280-character-long messages known as "tweets". Registered users can post, like, and ...
,
Instagram Instagram is a photo and video sharing social networking service owned by American company Meta Platforms. The app allows users to upload media that can be edited with filters and organized by hashtags and geographical tagging. Posts can ...
,
YouTube YouTube is a global online video sharing and social media platform headquartered in San Bruno, California. It was launched on February 14, 2005, by Steve Chen, Chad Hurley, and Jawed Karim. It is owned by Google, and is the second most ...
,
LinkedIn LinkedIn () is an American business and employment-oriented online service that operates via websites and mobile apps. Launched on May 5, 2003, the platform is primarily used for professional networking and career development, and allows job s ...
and
TikTok TikTok, known in China as Douyin (), is a short-form video hosting service owned by the Chinese company ByteDance. It hosts user-submitted videos, which can range in duration from 15 seconds to 10 minutes. TikTok is an international version ...
, as well as a presence on
Clubhouse Clubhouse may refer to: Locations * The meetinghouse of: ** A club (organization), an association of two or more people united by a common interest or goal ** In the United States, a country club ** In the United Kingdom, a gentlemen's club * A ...
,
Snapchat Snapchat is an American multimedia instant messaging app and service developed by Snap Inc., originally Snapchat Inc. One of the principal features of Snapchat is that pictures and messages are usually only available for a short time before th ...
,
Goodreads Goodreads is an American social cataloging website and a subsidiary of Amazon that allows individuals to search its database of books, annotations, quotes, and reviews. Users can sign up and register books to generate library catalogs and readi ...
,
Odysee LBRY (), is a blockchain-based file-sharing and payment network that powers decentralized platforms, primarily social networks and video platforms. LBRY's creators also created Odysee, an open-source video-sharing website that uses the network, ...
, and other fora.


Conferences

The Cato Institute hosts conferences throughout the year. Topics include monetary policy, the U.S. Constitution, poverty and social welfare, technology and privacy, financial regulation, and civic culture. Speakers at past Cato Institute conferences have included Federal Reserve Chairmen
Alan Greenspan Alan Greenspan (born March 6, 1926) is an American economist who served as the 13th chairman of the Federal Reserve from 1987 to 2006. He works as a private adviser and provides consulting for firms through his company, Greenspan Associates LLC. ...
and
Ben Bernanke Ben Shalom Bernanke ( ; born December 13, 1953) is an American economist who served as the 14th chairman of the Federal Reserve from 2006 to 2014. After leaving the Fed, he was appointed a distinguished fellow at the Brookings Institution. Dur ...
, Federal Reserve Vice Chairman
Richard Clarida Richard Harris Clarida (born May 18, 1957) is an American economist who served as the 21st Vice Chair of the Federal Reserve from 2018 to 2022. Clarida resigned his post on January 14th 2022 to return from public service leave to teach at Columbi ...
, International Monetary Fund Managing Director
Rodrigo de Rato Rodrigo de Rato y Figaredo (born 18 March 1949) is a Spanish politician who served in the Council of Ministers from 1996 to 2004. He also served as the ninth managing director of the International Monetary Fund (IMF) from 2004 to 2007 and the ...
,
Czech Republic The Czech Republic, or simply Czechia, is a landlocked country in Central Europe. Historically known as Bohemia, it is bordered by Austria to the south, Germany to the west, Poland to the northeast, and Slovakia to the southeast. Th ...
President
Václav Klaus Václav Klaus (; born 19 June 1941) is a Czech economist and politician who served as the second president of the Czech Republic from 2003 to 2013. From July 1992 until the dissolution of Czechoslovakia in January 1993, he served as the second ...
, and Avanti Financial Group Founder and CEO Caitlin Long.


Ideological relationships


Libertarianism and classical liberalism

Many Cato scholars have advocated support for civil liberties, liberal immigration policies, drug liberalization, and the repeal of
Don't Ask Don't Tell "Don't ask, don't tell" (DADT) was the official United States policy on military service of non-heterosexual people, instituted during the Clinton administration. The policy was issued under Department of Defense Directive 1304.26 on Decembe ...
and laws restricting consensual sexual activity. The Cato Institute officially resists being labeled as part of the conservative movement because "'conservative' smacks of an unwillingness to change, of a desire to preserve the status quo". On the other hand, Cato has strong ties to the political philosophy of
classical liberalism Classical liberalism is a political tradition and a branch of liberalism that advocates free market and laissez-faire economics; civil liberties under the rule of law with especial emphasis on individual autonomy, limited government, e ...
. According to executive vice president
David Boaz David Boaz (; born August 29, 1953, Mayfield, Kentucky) is the executive vice president of the Cato Institute, an American libertarian think tank. He is the author of ''Libertarianism: A Primer'', published in 1997 by the Free Press and describ ...
, libertarians are classical liberals who strongly emphasize the individual right to liberty. He argues that, as the term "liberalism" became increasingly associated with government intervention in the economy and social-welfare programs, some classical liberals abandoned the old term and began to call themselves “
libertarians Libertarianism (from french: libertaire, "libertarian"; from la, libertas, "freedom") is a political philosophy that upholds liberty as a core value. Libertarians seek to maximize autonomy and political freedom, and minimize the state's e ...
”. Officially, Cato admits that the term “classical liberal” comes close to the mark of labeling its position, but fails to capture the contemporary vibrancy of the ideas of freedom. According to Cato's mission statement, the Jeffersonian philosophy that animates Cato's work has increasingly come to be called 'libertarianism' or 'market liberalism.' It combines an appreciation for entrepreneurship, the market process, and lower taxes with strict respect for civil liberties and skepticism about the benefits of both the welfare state and foreign military adventurism. In 2006,
Markos Moulitsas Markos Moulitsas Zúniga (; born September 11, 1971), often known by his username and former military nickname "Kos" ( ), is an American blogger who is the founder and publisher of Daily Kos, a blog focusing on liberal and Democratic Party po ...
of the
Daily Kos Daily Kos ( ) is a group blog and internet forum focused on the U.S. Democratic Party and liberal American politics. The site includes glossaries and other content. It is sometimes considered an example of " netroots" activism. Daily Kos w ...
proposed the term " Libertarian Democrat" to describe his particular liberal position, suggesting that libertarians should be allies of the Democratic Party. Replying, Cato vice president for research
Brink Lindsey Brink Lindsey is an American political writer, and Vice President and Director of the Open Society Project at the Niskanen Center. Previously he was the Cato Institute's vice president for research. From 1998 to 2004, he was director of Cato's C ...
agreed that libertarians and liberals should view each other as natural ideological allies, and noted continuing differences between mainstream liberal views on economic policy and Cato's " Jeffersonian philosophy". Some Cato scholars disagree with conservatives on neo-conservative foreign policy, albeit that this has not always been uniform.


Objectivism

The relationship between Cato and the
Ayn Rand Institute The Ayn Rand Institute: The Center for the Advancement of Objectivism, commonly known as the Ayn Rand Institute (ARI), is a 501(c)(3) nonprofit think tank in Santa Ana, California, that promotes Objectivism, the philosophy developed by Ayn R ...
(ARI) improved with the nomination of Cato's new president John A. Allison IV in 2012. He is a former ARI board member and is reported to be an "ardent devotee" of Rand who has promoted reading her books to colleges nationwide. In March 2015, Allison retired as president, remaining on the board, and was succeeded by Peter Goettler.


Cato positions on political issues and policies

The Cato Institute advocates policies that advance "individual
liberty Liberty is the ability to do as one pleases, or a right or immunity enjoyed by prescription or by grant (i.e. privilege). It is a synonym for the word freedom. In modern politics, liberty is understood as the state of being free within society fr ...
,
limited government In political philosophy, limited government is the concept of a government limited in power. It is a key concept in the history of liberalism.Amy Gutmann, "How Limited Is Liberal Government" in Liberalism Without Illusions: Essays on Liberal The ...
,
free markets In economics, a free market is an economic system in which the prices of goods and services are determined by supply and demand expressed by sellers and buyers. Such markets, as modeled, operate without the intervention of government or any o ...
, and
peace Peace is a concept of societal friendship and harmony in the absence of hostility and violence. In a social sense, peace is commonly used to mean a lack of conflict (such as war) and freedom from fear of violence between individuals or groups. ...
". They are libertarian in their policy positions, typically advocating diminished government intervention in domestic, social, and economic policies and decreased military and political intervention worldwide. Cato was cited by columnist
Ezra Klein Ezra Klein (born May 10, 1984) is an American journalist, political analyst, ''New York Times'' columnist, and the host of ''The Ezra Klein Show'' podcast. He is a co-founder of '' Vox'' and formerly served as the website's editor-at-large. He h ...
as nonpartisan, saying that it is "the foremost advocate for small-government principles in American life" and it "advocates those principles when Democrats are in power, and when Republicans are in power"; and
Eric Lichtblau Eric Lichtblau (born 1965) is an American journalist, reporting for ''The New York Times'' in the Washington bureau, as well as the ''Los Angeles Times'', ''Time'' magazine, ''The New Yorker'', and the CNN network's investigative news unit. He h ...
called Cato "one of the country's most widely cited research organizations." Nina Eastman reported in 1995 that "on any given day, House Majority Whip
Tom DeLay Thomas Dale DeLay (; born April 8, 1947) is an American author and retired politician who served as a member of the United States House of Representatives, representing Texas's 22nd congressional district from 1985 until 2006. He was Republic ...
of Texas might be visiting for lunch. Or Cato staffers might be plotting strategy with House Majority Leader
Dick Armey Richard Keith Armey (; born July 7, 1940) is an American economist and politician. He was a U.S. Representative from Texas's (1985–2003) and House Majority Leader (1995–2003). He was one of the engineers of the "Republican Revolution" of t ...
, another Texan, and his staff."


On domestic issues

Cato scholars have consistently called for the privatization of many government services and institutions, including
NASA The National Aeronautics and Space Administration (NASA ) is an independent agency of the US federal government responsible for the civil space program, aeronautics research, and space research. NASA was established in 1958, succeedi ...
,
Social Security Welfare, or commonly social welfare, is a type of government support intended to ensure that members of a society can meet basic human needs such as food and shelter. Social security may either be synonymous with welfare, or refer specificall ...
, the
United States Postal Service The United States Postal Service (USPS), also known as the Post Office, U.S. Mail, or Postal Service, is an Independent agencies of the United States government, independent agency of the executive branch of the Federal government of the Uni ...
, the
Transportation Security Administration The Transportation Security Administration (TSA) is an agency of the United States Department of Homeland Security (DHS) that has authority over the security of transportation systems within, and connecting to the United States. It was created ...
,
public schooling Public school may refer to: *State school (known as a public school in many countries), a no-fee school, publicly funded and operated by the government *Public school (United Kingdom), certain elite fee-charging independent schools in England and ...
,
public transportation Public transport (also known as public transportation, public transit, mass transit, or simply transit) is a system of transport for passengers by group travel systems available for use by the general public unlike private transport, typical ...
systems, and
public broadcasting Public broadcasting involves radio, television and other electronic media outlets whose primary mission is public service. Public broadcasters receive funding from diverse sources including license fees, individual contributions, public financing ...
. The institute opposes
minimum wage A minimum wage is the lowest remuneration that employers can legally pay their employees—the price floor below which employees may not sell their labor. Most countries had introduced minimum wage legislation by the end of the 20th century. B ...
laws, saying that they violate the freedom of contract and thus private property rights, and increase unemployment. It is opposed to expanding
overtime Overtime is the amount of time someone works beyond normal working hours. The term is also used for the pay received for this time. Normal hours may be determined in several ways: *by custom (what is considered healthy or reasonable by society) ...
regulations, arguing that it will benefit some employees in the short term, while costing jobs or lowering wages of others, and have no meaningful long-term impact. It opposes
child labor Child labour refers to the exploitation of children through any form of work that deprives children of their childhood, interferes with their ability to attend regular school, and is mentally, physically, socially and morally harmful. Such ...
prohibitions. It opposes public sector unions and supports
right-to-work law In the context of labor law in the United States, the term "right-to-work laws" refers to state laws that prohibit union security agreements between employers and labor unions which require employees who are not union members to contribute t ...
s. It opposes
universal health care Universal health care (also called universal health coverage, universal coverage, or universal care) is a health care system in which all residents of a particular country or region are assured access to health care. It is generally organized ar ...
, arguing that it is harmful to patients and an intrusion onto individual liberty. It is against affirmative action. It has also called for total abolition of the
welfare state A welfare state is a form of government in which the state (or a well-established network of social institutions) protects and promotes the economic and social well-being of its citizens, based upon the principles of equal opportunity, equitab ...
, and has argued that it should be replaced with reduced business regulations to create more jobs, and argues that private charities are fully capable of replacing it. Cato has also opposed antitrust laws. Cato is an opponent of campaign finance reform, arguing that government is the ultimate form of potential corruption and that such laws undermine democracy by undermining competitive elections. Cato also supports the repeal of the
Federal Election Campaign Act The Federal Election Campaign Act of 1971 (FECA, , ''et seq.'') is the primary United States federal law regulating political campaign fundraising and spending. The law originally focused on creating limits for campaign spending on communicatio ...
. Cato has published strong criticisms of the 1998 settlement which many U.S. states signed with the
tobacco industry The tobacco industry comprises those persons and companies who are engaged in the growth, preparation for sale, shipment, advertisement, and distribution of tobacco and tobacco-related products. It is a global industry; tobacco can grow in any ...
. In 2004, Cato scholar Daniel Griswold wrote in support of President George W. Bush's failed proposal to grant temporary work visas to otherwise undocumented laborers which would have granted limited residency for the purpose of employment in the U.S. In 2006, the Cato Institute published a study proposing a Balanced Budget
Veto A veto is a legal power to unilaterally stop an official action. In the most typical case, a president or monarch vetoes a bill to stop it from becoming law. In many countries, veto powers are established in the country's constitution. Veto ...
Amendment An amendment is a formal or official change made to a law, contract, constitution, or other legal document. It is based on the verb to amend, which means to change for better. Amendments can add, remove, or update parts of these agreements. They ...
to the United States Constitution. In 2003, Cato filed an
amicus brief An ''amicus curiae'' (; ) is an individual or organization who is not a party to a legal case, but who is permitted to assist a court by offering information, expertise, or insight that has a bearing on the issues in the case. The decision on ...
in support of the Supreme Court's decision in ''
Lawrence v. Texas ''Lawrence v. Texas'', 539 U.S. 558 (2003), is a landmark decision of the U.S. Supreme Court in which the Court ruled that most sanctions of criminal punishment for consensual, adult non-procreative sexual activity (commonly referred to as sod ...
'', which struck down the remaining state laws that made private, non-commercial homosexual relations between consenting adults illegal. Cato cited the 14th Amendment, among other things, as the source of their support for the ruling. The amicus brief was cited in Justice Kennedy's majority opinion for the Court. In 2006, Cato published a Policy Analysis criticising the
Federal Marriage Amendment The Federal Marriage Amendment (FMA), also referred to by proponents as the Marriage Protection Amendment, was a proposed amendment to the United States Constitution that would legally define marriage as a union of one man and one woman. The FM ...
as unnecessary, anti-federalist, and anti-democratic. The amendment would have changed the United States Constitution to prohibit
same-sex marriage Same-sex marriage, also known as gay marriage, is the marriage of two people of the same sex or gender. marriage between same-sex couples is legally performed and recognized in 33 countries, with the most recent being Mexico, constituting ...
; the amendment failed in both houses of Congress. A 2006 Cato report by
Radley Balko Radley Prescott Balko (born April 19, 1975) is an American journalist, author, blogger, and speaker who writes about criminal justice, the drug war, and civil liberties. In 2022, he began publishing his work on Substack after being let go from ' ...
strongly criticized U.S. drug policy and the perceived growing militarization of U.S. law enforcement.


Criticism of corporate welfare

In 2004, the institute published a paper arguing in favor of "drug re-importation". Cato has published numerous studies criticizing what it calls "
corporate welfare Corporate welfare is a phrase used to describe a government's bestowal of money grants, tax breaks, or other special favorable treatment for corporations. The definition of corporate welfare is sometimes restricted to direct government subsid ...
", the practice of public officials funneling taxpayer money, usually via targeted budgetary spending, to politically connected corporate interests. Cato president Ed Crane and
Sierra Club The Sierra Club is an environmental organization with chapters in all 50 United States, Washington D.C., and Puerto Rico. The club was founded on May 28, 1892, in San Francisco, California, by Scottish-American preservationist John Muir, w ...
executive director Carl Pope co-wrote a 2002
op-ed An op-ed, short for "opposite the editorial page", is a written prose piece, typically published by a North-American newspaper or magazine, which expresses the opinion of an author usually not affiliated with the publication's editorial board. ...
piece in ''
The Washington Post ''The Washington Post'' (also known as the ''Post'' and, informally, ''WaPo'') is an American daily newspaper published in Washington, D.C. It is the most widely circulated newspaper within the Washington metropolitan area and has a large n ...
'' calling for the abandonment of the Republican energy bill, arguing that it had become little more than a gravy train for Washington, D.C., lobbyists. Again in 2005, Cato scholar Jerry Taylor teamed up with Daniel Becker of the Sierra Club to attack the Republican
Energy Bill In physics, energy (from Ancient Greek: ἐνέργεια, ''enérgeia'', “activity”) is the quantitative property that is transferred to a body or to a physical system, recognizable in the performance of work and in the form of he ...
as a give-away to corporate interests.


On copyright issues

A 2006 study criticized the
Digital Millennium Copyright Act The Digital Millennium Copyright Act (DMCA) is a 1998 United States copyright law that implements two 1996 treaties of the World Intellectual Property Organization (WIPO). It criminalizes production and dissemination of technology, devices, or ...
.


International

Cato scholars seek to promote a better understanding around the world of the benefits of market‐liberal policies and institutions, openness and engagement in the global economy, and a principled and restrained foreign policy. Cato argues those benefits include notable improvements in human well‐being as countries increase their levels of economic, civil, and personal freedoms. Hence, Cato's position urges the United States should thus engage the world, trade freely, and work with other countries on common concerns, but avoid trying to dominate the globe militarily.


Defense and foreign policy

Cato's
non-interventionist Non-interventionism or non-intervention is a political philosophy Political philosophy or political theory is the philosophical study of government, addressing questions about the nature, scope, and legitimacy of public agents and institution ...
foreign policy views, and strong support for civil liberties, have frequently led Cato scholars to criticize those in power, both Republican and Democratic. Cato scholars opposed President
George H. W. Bush George Herbert Walker BushSince around 2000, he has been usually called George H. W. Bush, Bush Senior, Bush 41 or Bush the Elder to distinguish him from his eldest son, George W. Bush, who served as the 43rd president from 2001 to 2009; p ...
's 1991
Gulf War The Gulf War was a 1990–1991 armed campaign waged by a Coalition of the Gulf War, 35-country military coalition in response to the Iraqi invasion of Kuwait. Spearheaded by the United States, the coalition's efforts against Ba'athist Iraq, ...
operations (a position which caused the organization to lose nearly $1 million in funding), President
Bill Clinton William Jefferson Clinton (Birth name, né Blythe III; born August 19, 1946) is an American politician who served as the 42nd president of the United States from 1993 to 2001. He previously served as governor of Arkansas from 1979 to 1981 ...
's interventions in
Haiti Haiti (; ht, Ayiti ; French: ), officially the Republic of Haiti (); ) and formerly known as Hayti, is a country located on the island of Hispaniola in the Greater Antilles archipelago of the Caribbean Sea, east of Cuba and Jamaica, and ...
and
Kosovo Kosovo ( sq, Kosova or ; sr-Cyrl, Косово ), officially the Republic of Kosovo ( sq, Republika e Kosovës, links=no; sr, Република Косово, Republika Kosovo, links=no), is a partially recognised state in Southeast Eur ...
, President George W. Bush's 2003 invasion of Iraq, and President Barack Obama's
2011 military intervention in Libya On 19 March 2011, a multi-state NATO-led coalition began a military intervention in Libya, to implement United Nations Security Council Resolution 1973, in response to events during the First Libyan Civil War. With ten votes in favour and fiv ...
. As a response to the
September 11 attacks The September 11 attacks, commonly known as 9/11, were four coordinated suicide terrorist attacks carried out by al-Qaeda against the United States on Tuesday, September 11, 2001. That morning, nineteen terrorists hijacked four commerc ...
, Cato scholars supported the removal of al Qaeda and the Taliban regime from power, but are against an indefinite and open-ended military occupation of Afghanistan. Cato scholars criticized U.S. involvement in
Saudi Arabian-led intervention in Yemen Saudi may refer to: * Saudi Arabia * Saudis, people from Saudi Arabia * Saudi culture, the culture of Saudi Arabia * House of Saud The House of Saud ( ar, آل سُعُود, ʾĀl Suʿūd ) is the ruling royal family of Saudi Arabia. It is ...
. Ted Galen Carpenter, Cato's vice president for defense and foreign policy studies, criticized many of the arguments offered to justify the 2003 invasion of Iraq. One of the war's earliest critics, Carpenter wrote in January 2002: "Ousting Saddam would make Washington responsible for Iraq's political future and entangle the United States in an endless nation-building mission beset by intractable problems." Carpenter also predicted: "Most notably there is the issue posed by two persistent regional secession movements: the Kurds in the north and the Shiites in the south." But in 2002 Carpenter wrote, "the United States should not shrink from confronting al-Qaeda in its Pakistani lair," a position echoed in the institute's policy recommendations for the 108th Congress. Cato's director of foreign policy studies, Christopher Preble, argues in ''The Power Problem: How American Military Dominance Makes Us Less Safe, Less Prosperous, and Less Free'', that America's position as an unrivaled superpower tempts policymakers to constantly overreach and to redefine ever more broadly the "national interest". Christopher Preble has said that the "scare campaign" to protect military spending from cuts under the
Budget Control Act of 2011 The Budget Control Act of 2011 () is a federal statute enacted by the 112th United States Congress and signed into law by US President Barack Obama on August 2, 2011. The Act brought conclusion to the 2011 US debt-ceiling crisis. The law in ...
has backfired. Cato's foreign and defense policies are guided by the view that the United States is relatively secure and so should engage the world, trade freely, and work with other countries on common concerns—but avoid trying to dominate it militarily. As a result, Cato advocates the United States should be an example of democracy and human rights, not their armed vindicator abroad, claiming it has a rich history, from George Washington to Cold War realists like
George Kennan George Frost Kennan (February 16, 1904 – March 17, 2005) was an American diplomat and historian. He was best known as an advocate of a policy of containment of Soviet expansion during the Cold War. He lectured widely and wrote scholarly histo ...
. Cato scholars aim to restore this view, with a principled and restrained foreign policy recommendation, to keep the nation out of most foreign conflicts and be cheaper, more ethical, and less destructive of civil liberties.


Global freedom

Cato's scholars seek to advance policies and support institutions in developing and developed countries that protect human rights and extend the range of personal choice. In particular, Cato's research explores the central role that freedom in its various dimensions—economic, civil, and personal—plays in human progress and in solving some of the world's most pressing problems, including global poverty. To this end Cato co-publishes the annual '' Human Freedom Index'' (2015–) with the
Fraser Institute The Fraser Institute is a libertarian-conservative Canadian public policy think tank and registered charity. The institute describes itself as independent and non-partisan. It is headquartered in Vancouver, with additional offices in Calgary, Tor ...
and is the co-publisher with Fraser of the U.S. edition of the '' Economic Freedom of the World'' annual report (1996–).


Immigration

Cato argues that most Americans are immigrants or descended from immigrants who sought opportunity and freedom on American shores, and they believe that this continues today with immigrants continuing to become Americans, making the United States a wealthier, freer, and safer country. Cato's research indicates that the current US immigration system excludes most peaceful and healthy immigrants, and urges policymakers to expand and deregulate legal immigration. Further, Cato supports
open borders An open border is a border that enables free movement of people (and often of goods) between jurisdictions with no restrictions on movement and is lacking substantive border control. A border may be an open border due to intentional legislation ...
.


Trade policy

Cato advocates that policymakers must be constantly reminded of the benefits of free trade and the costs of protectionism, arguing free trade is the extension of free markets across political borders. It promotes the idea that enlarging markets to integrate more buyers, sellers, investors, and workers enables more refined specialization and economies of scales, which produce more wealth and higher living standards, and argues that Protectionism does the opposite. Cato's policy recommendations focus on congress and the administration pursuing policies that expand the freedom of Americans to participate in the international marketplace.


On environmental policy

Cato scholars have written about the issues of the environment, including global warming, environmental regulation, and energy policy. According to social scientists Riley Dunlap and Aaron McCright the Cato Institute is one of the "particularly crucial elements of the denial machine", that rejects global warming.
PolitiFact.com PolitiFact.com is an American nonprofit project operated by the Poynter Institute in St. Petersburg, Florida, with offices there and in Washington, D.C. It began in 2007 as a project of the ''Tampa Bay Times'' (then the ''St. Petersburg Times'' ...
and ''
Scientific American ''Scientific American'', informally abbreviated ''SciAm'' or sometimes ''SA'', is an American popular science magazine. Many famous scientists, including Albert Einstein and Nikola Tesla, have contributed articles to it. In print since 1845, it i ...
'' have called Cato's work on global warming "false" and based on " data selection". A December 2003 Cato panel included
Patrick Michaels Patrick J. Michaels (February 15, 1950 – July 15, 2022) was an American agricultural climatologist. Michaels was a senior fellow in environmental studies at the Cato Institute until 2019. Until 2007, he was research professor of environment ...
,
Robert Balling Robert C. Balling, Jr. is a professor of geography at Arizona State University, and the former director of its Office of Climatology. His research interests include climatology, global climate change, and geographic information systems.
and
John Christy John Raymond Christy is a climate scientist at the University of Alabama in Huntsville (UAH) whose chief interests are satellite remote sensing of global climate and global climate change. He is best known, jointly with Roy Spencer, for the firs ...
. Michaels, Balling and Christy agreed that global warming is related at least some degree to
human activity Human behavior is the potential and expressed capacity ( mentally, physically, and socially) of human individuals or groups to respond to internal and external stimuli throughout their life. Kagan, Jerome, Marc H. Bornstein, and Richard ...
but that many scientists and the media have overstated the danger. The Cato Institute has also criticized political attempts to stop global warming as expensive and ineffective. Cato scholars have been critical of the Bush administration's views on energy policy. In 2003, Cato scholars Jerry Taylor and Peter Van Doren said the Republican Energy Bill was "hundreds of pages of corporate welfare, symbolic gestures, empty promises, and pork-barrel projects". They also spoke out against the former president's calls for larger ethanol subsidies. With regard to the "Takings Clause" of the United States Constitution and environmental protection, libertarians associated with Cato contended in 2003 that the Constitution is not adequate to guarantee the protection of private property rights. In 2019, Cato closed its "Center for the Study of Science" (which
E&E News E&E News is an American news organization that covers energy, environmental policy, climate change, markets and science. As of 2020, the organization has more than 65 reporters and editors across 10 cities. It was acquired by Politico in December ...
characterized as "a program that for years sought to raise uncertainty about climate science") after its head Pat Michaels had left the institute over disagreements, along with his collaborator Ryan Maue, a meteorologist. By that time, the Cato Institute was also no longer affiliated with its former distinguished fellow
Richard Lindzen Richard Siegmund Lindzen (born February 8, 1940) is an American atmospheric physicist known for his work in the dynamics of the middle atmosphere, atmospheric tides, and ozone photochemistry. He has published more than 200 scientific papers and ...
, another denier of the
scientific consensus on climate change There is a strong scientific consensus that the Earth is warming and that this warming is mainly caused by human activities. This consensus is supported by various studies of scientists' opinions and by position statements of scientific org ...
.


Other commentaries on presidential administrations

Cato scholars were critical of
George W. Bush George Walker Bush (born July 6, 1946) is an American politician who served as the 43rd president of the United States from 2001 to 2009. A member of the Republican Party, Bush family, and son of the 41st president George H. W. Bush, he ...
's Republican administration (2001–2009) on several issues, including education, and excessive
government spending Government spending or expenditure includes all government consumption, investment, and transfer payments. In national income accounting, the acquisition by governments of goods and services for current use, to directly satisfy the individual ...
. On other issues, they supported Bush administration initiatives, most notably health care,
Social Security Welfare, or commonly social welfare, is a type of government support intended to ensure that members of a society can meet basic human needs such as food and shelter. Social security may either be synonymous with welfare, or refer specificall ...
,
global warming In common usage, climate change describes global warming—the ongoing increase in global average temperature—and its effects on Earth's climate system. Climate variability and change, Climate change in a broader sense also includes ...
,
tax policy Tax policy includes the guidelines developed by a government regarding how taxes are imposed, in what amounts, and on whom. It has both microeconomic and macroeconomic aspects. The macroeconomic aspect concerns the overall quantity of taxes t ...
, and
immigration Immigration is the international movement of people to a destination country of which they are not natives or where they do not possess citizenship in order to settle as permanent residents or naturalized citizens. Commuters, tourists, a ...
.Cato's link
During the
2008 U.S. presidential election The 2008 United States presidential election was the 56th quadrennial presidential election, held on Tuesday, November 4, 2008. The Democratic ticket of Barack Obama, the junior senator from Illinois, and Joe Biden, the senior senator from ...
, Cato scholars criticized both major-party candidates, John McCain and
Barack Obama Barack Hussein Obama II ( ; born August 4, 1961) is an American politician who served as the 44th president of the United States from 2009 to 2017. A member of the Democratic Party (United States), Democratic Party, Obama was the first Af ...
. Cato has criticized President Obama's stances on policy issues such as
fiscal stimulus In economics, stimulus refers to attempts to use monetary policy or fiscal policy (or stabilization policy in general) to stimulate the economy. Stimulus can also refer to monetary policies such as lowering interest rates and quantitative easin ...
, healthcare reform,
foreign policy A state's foreign policy or external policy (as opposed to internal or domestic policy) is its objectives and activities in relation to its interactions with other states, unions, and other political entities, whether bilaterally or through ...
, and drug-related matters, while supporting his stance on the repeal of
Don't Ask, Don't Tell "Don't ask, don't tell" (DADT) was the official United States policy on military service of non-heterosexual people, instituted during the Clinton administration. The policy was issued under Department of Defense Directive 1304.26 on Decembe ...
and the
DREAM Act The Development, Relief, and Education for Alien Minors Act, known as the DREAM Act, is a United States legislative proposal to grant temporary conditional residency, with the right to work, to illegal immigrants who entered the United States ...
. Cato opposed
Executive Order 13769 Executive Order 13769, titled Protecting the Nation from Foreign Terrorist Entry into the United States, labeled the "Muslim ban" by critics, or commonly referred to as the Trump travel ban, was an executive order by US President Donald Trump ...
, was enacted in January 2017, which decreased the number of refugees admitted into the United States and suspended entry to individuals whose countries do not meet adjudication standards under U.S. immigration law.


Funding, tax status, and corporate structure

The Cato Institute is classified as a 501(c)(3) organization under U.S. Internal Revenue Code. For revenue, the institute is largely dependent on private contributions and does not receive government funding. The Cato Institute reported fiscal year 2015 revenue of $37.3 million and expenses of $29.4 million. According to the organization's annual report, $32.1 million came from individual donors, $2.9 million came from foundations, $1.2 million came from program revenue and other income, and $1 million came from corporations. Sponsors of Cato have included FedEx, Google, CME Group and Whole Foods Market. ''The Nation'' reported support for Cato from the tobacco industry in a 2012 story.


Funding details

Funding details as of Fiscal year, FYE March 2020: Net assets as of FYE March 2020: $81,391,000.


Shareholder dispute and departure of Ed Crane

In 2011, there were to be four shareholders of the Cato Institute. They were Charles Koch, Charles and David Koch, Ed Crane, and William A. Niskanen. Niskanen died in October 2011. In March 2012, a dispute broke out over the ownership of Niskanen's shares. Charles and David Koch filed suit in Kansas, seeking to void his shareholder seat. The Kochs argued that Niskanen's shares should first be offered to the board of the institute, and then to the remaining shareholders. Crane contended that Niskanen's share belonged to his widow, Kathryn Washburn, and that the move by the Kochs was an attempt to turn Cato into "some sort of auxiliary for the G.O.P ... It's detrimental to Cato, it's detrimental to Koch Industries, it's detrimental to the libertarian movement." Those who supported Cato's existing management rallied around the "Save Cato" banner, while those who supported the Koch brothers, called "For a Better Cato". In June 2012, Cato announced an agreement in principle to settle the dispute by changing the institute's governing structure. Under the agreement, a board replaced the shareholders and Crane, who at the time was also chief executive officer, retired. Former BB&T bank CEO John A. Allison IV replaced him. The Koch brothers agreed to drop two lawsuits. In 2018, several former Cato employees alleged longtime sexual harassment by Crane, going back to the 1990s and continuing until his departure in 2012. ''Politico'' reported that he settled one such claim in 2012. Crane denied the allegations.


Recipients of the Nobel Memorial Prize in Economic Sciences at Cato

The following recipients of the Nobel Memorial Prize in Economic Sciences have worked with Cato: * Gary S. Becker * James M. Buchanan * Ronald Coase * Milton Friedman * Friedrich Hayek * Robert Mundell * Douglass C. North * Edward C. Prescott * Thomas C. Schelling * Vernon L. Smith * George J. Stigler * Richard H. Thaler


Milton Friedman Prize

Since 2002, the Cato Institute has awarded the Milton Friedman Prize for Advancing Liberty every two years to "an individual who has made a significant contribution to advancing human freedom." The prize comes with a cash award of US$250,000.


Board of directors

As of 2020: * John A. Allison IV, former president and CEO, Cato Institute; retired chairman and CEO, BB&T * Baron Bond, executive vice president, The Foundation Group LLC * Miss Missouri USA, Rebecca Dunn, Trustee, DUNN Foundation * Robert Gelfond, CEO and founder, MQS Management * Peter N. Goettler, president and CEO, Cato Institute; former managing director, Barclays Investment Bank, Barclays Capital * David C. Humphreys, president & CEO, TAMKO Building Products, Inc. * James M. Kilts, partner, Centerview Partners, Centerview Capital Holdings; former CEO, The Gillette Company * James M. Lapeyre, Jr., president, Laitram, LLC * Ken Levy, Levy Family Fund * Robert A. Levy, chairman, Cato Institute * Nancy Pfotenhauer, President and CEO, MediaSpeak Strategies * Lewis E. Randall, former director, E-Trade, E-Trade Financial Corporation * Howard Rich, chairman, U.S. Term Limits * Nestor R. Weigand, Jr., chairman and CEO, JP Weigand & Sons, Inc. * Jeff Yass, Jeffrey S. Yass, managing director, Susquehanna International Group, Susquehana International Group, LLP * Fred Young (businessman), Fred Young, former owner, Young Radiator Company


Notable Cato scholars

Notable scholars associated with Cato include the following:


Policy scholars

* Swaminathan Aiyar, research fellow, Center for Global Liberty and Prosperity * Doug Bandow, senior fellow *
David Boaz David Boaz (; born August 29, 1953, Mayfield, Kentucky) is the executive vice president of the Cato Institute, an American libertarian think tank. He is the author of ''Libertarianism: A Primer'', published in 1997 by the Free Press and describ ...
, executive vice president * Mark A. Calabria, director of financial regulation studies * Ed Crane (political activist), Edward H. Crane, founder and president emeritus * Steve H. Hanke, senior fellow and director, Troubled Currencies Project *
Gene Healy Gene Healy (born November 16, 1970) is an American political pundit, journalist and editor. He serves as Vice President at the libertarian think tank Cato Institute, as well as a contributing editor to '' Liberty'' magazine. Education Healy ...
, vice president * John A. Allison, former president and CEO * Nat Hentoff, senior fellow * Jeffrey A. Miron, senior fellow * John Mueller, senior fellow * William A. Niskanen, chairman and distinguished senior economist *
Johan Norberg Johan Norberg (; born 27 August 1973) is a Swedish author and historian of ideas, devoted to promoting economic globalization and what he describes as classical liberal positions. He is arguably most known as the author of ''In Defense of Global ...
, senior fellow *
Alex Nowrasteh Alexander Nowrasteh is an American analyst of immigration policy currently working at the Cato Institute, a libertarian think tank located in Washington D.C. Nowrasteh is an advocate of freer migration to the United States. He previously worked a ...
, immigration policy analyst *
Walter Olson Walter K. Olson (born 1954) is an author and blogger who writes mostly about legal subjects, including tort reform. Olson is a senior fellow of the Cato Institute, a libertarian think tank in Washington, D.C. Formerly, Olson was associated with th ...
, senior fellow * Randal O'Toole, senior fellow * Tom G. Palmer, senior fellow and director of Cato University * Roger Pilon, vice president for legal affairs * José Piñera, co-chairman, Project on Social Security Choice * William Poole (economist), William Poole, senior fellow * Alan Reynolds (economist), Alan Reynolds, senior fellow * Nicholas Quinn Rosenkranz, senior fellow in constitutional studies * Julian Sanchez (writer), Julian Sanchez, senior fellow * Cathy Young, cultural studies fellow


Adjunct scholars

* Patrick Basham (Democracy Institute) * David Bernstein (law professor), David E. Bernstein (George Mason University School of Law) * Donald J. Boudreaux (George Mason University) * Robert L. Bradley, Jr. (Institute for Energy Research) * Bryan Caplan (George Mason University) * John H. Cochrane (University of Chicago Booth School of Business) * Robert Corn-Revere (Davis Wright Tremaine) * Tyler Cowen (George Mason University) * Kevin Dowd (University of Nottingham) * Richard Allen Epstein, Richard A. Epstein (New York University School of Law) * Alex Epstein (American writer), Alex Epstein (Center for Industrial Progress) * Enrique Ghersi (University of Lima) * Robert Higgs (The Independent Institute) * Daniel B. Klein (George Mason University) * Arnold Kling (George Mason University) * Chandran Kukathas (London School of Economics) * Loren Lomasky (University of Virginia) * Jonathan R. Macey (Yale Law School) * Tibor R. Machan (Auburn University and Chapman University, Argyros School of Business and Economics) * Michael Munger (Duke University) * David G. Post (Temple University Beasley School of Law) * Alvin Rabushka (Hoover Institution) * Harvey A. Silverglate, Harvey Silverglate (Foundation for Individual Rights in Education) * Ilya Somin (George Mason University School of Law) * Richard L. Stroup (The Independent Institute) *
James Tooley James Nicholas Tooley (born July 1959, in Southampton, England) is a professor of educational entrepreneurship and of education policy at the University of Buckingham. In July 2020 Tooley was appointed as the new Vice-Chancellor of the Universi ...
(Newcastle University) * Lawrence H. White (George Mason University) * Glen Whitman (Royal Society) * Walter E. Williams (George Mason University) * Leland B. Yeager (Auburn University and University of Virginia)


Fellows

*
Radley Balko Radley Prescott Balko (born April 19, 1975) is an American journalist, author, blogger, and speaker who writes about criminal justice, the drug war, and civil liberties. In 2022, he began publishing his work on Substack after being let go from ' ...
, media fellow * Randy Barnett, Randy E. Barnett, senior fellow * James M. Buchanan (1919–2013) * Vladimir Bukovsky, senior fellow * F. A. Hayek (1899–1992) * Penn Jillette, H.L. Mencken research fellow *
Václav Klaus Václav Klaus (; born 19 June 1941) is a Czech economist and politician who served as the second president of the Czech Republic from 2003 to 2013. From July 1992 until the dissolution of Czechoslovakia in January 1993, he served as the second ...
, distinguished senior fellow * Deepak Lal, senior fellow * Christopher Layne, visiting fellow in foreign policy studies * Jeffrey Milyo, senior fellow * P. J. O'Rourke, H.L. Mencken research fellow * Jim Powell (historian), Jim Powell, senior fellow * Richard W. Rahn, senior fellow * George Selgin, senior fellow * Vernon L. Smith, senior fellow * Teller (magician), Teller, H.L. Mencken research fellow


Affiliations

The Cato Institute is an associate member of the State Policy Network, a U.S. national network of free-market oriented think tanks.


Rankings

According to the ''2020 Global Go To Think Tank Index Report'' (
Think Tanks and Civil Societies Program The Think Tanks and Civil Societies Program (TTCSP) was a non-profit program at the University of Pennsylvania in Philadelphia, Pennsylvania, that operated from 1989 to 2021. TTCSP was originally established at the Foreign Policy Research Institu ...
,
University of Pennsylvania The University of Pennsylvania (also known as Penn or UPenn) is a private research university in Philadelphia. It is the fourth-oldest institution of higher education in the United States and is ranked among the highest-regarded universit ...
), Cato is number 27 in the "Top Think Tanks Worldwide" and number 13 in the "Top Think Tanks in the United States". Other "Top Think Tank" rankings include # 13 (of 85) in Defense and National Security, #5 (of 80) in Domestic Economic Policy, #4 (of 55) in Education Policy, #17 (of 85) in Foreign Policy and International Affairs, #8 (of 30) in Domestic Health Policy, #14 (of 25) in Global Health Policy, #18 (of 80) in International Development, #14 (of 50) in International Economic Policy, #8 (of 50) in Social Policy, #8 (of 75) for Best Advocacy Campaign, #17 (of 60) for Best Think Tank Network, #3 (of 60) for best Use of Social Networks, #9 (of 50) for Best External Relations/Public Engagement Program, #2 (of 40) for Best Use of the Internet, #12 (of 40) for Best Use of Media, #5 (of 30) for Most Innovative Policy Ideas/Proposals, #11 (of 70) for the Most Significant Impact on Public Policy, and #9 (of 60) for Outstanding Policy-Oriented Public Programs. Cato also topped the 2014 list of the budget-adjusted ranking of international development think tanks.


See also

* American Enterprise Institute * Brookings Institution * Foundation for Economic Education *
Fraser Institute The Fraser Institute is a libertarian-conservative Canadian public policy think tank and registered charity. The institute describes itself as independent and non-partisan. It is headquartered in Vancouver, with additional offices in Calgary, Tor ...
* The Heartland Institute * Reason Foundation


Notes


References


External links


Cato Institute
official website
Organizational Profile
– National Center for Charitable Statistics (Urban Institute) *
EDIRC listing
(provided by RePEc) {{Authority control Cato Institute, Climate change denial Libertarian organizations based in the United States Libertarian think tanks Non-interventionism Organizations established in 1974 Political and economic think tanks in the United States Public policy research Conservative organizations in the United States