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The Cato Institute is an American libertarian
think tank A think tank, or public 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-governme ...
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 Industries is the second largest privately held company by revenue in the United States. Cato was established to 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. Cato advocates for a limited governmental role in domestic and foreign affairs and strong protection of civil liberties, including support for lowering or abolishing most taxes, opposition to the Federal Reserve system and the Affordable Care Act, the privatization of numerous government agencies and programs including
Social Security Welfare spending 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 specifically to social insurance ...
and the
United States Postal Service The United States Postal Service (USPS), also known as the Post Office, U.S. Mail, or simply the Postal Service, is an independent agencies of the United States government, independent agency of the executive branch of the federal governmen ...
, demilitarization of the police, open borders and adhering to a non-interventionist foreign policy. According to the 2019 Global ''Go to Think Tank Index Report'' (revised June 2020, Think Tanks and Civil Societies Program,
University of Pennsylvania The University of Pennsylvania (Penn or UPenn) is a Private university, private Ivy League research university in Philadelphia, Pennsylvania, United States. One of nine colonial colleges, it was chartered in 1755 through the efforts of f ...
), Cato was number 20 in the "Top Think Tanks Worldwide" and number 13 in the "Top Think Tanks in the United States".


History


20th century

The institute was founded in January 1977 in
San Francisco San Francisco, officially the City and County of San Francisco, is a commercial, Financial District, San Francisco, financial, and Culture of San Francisco, cultural center of Northern California. With a population of 827,526 residents as of ...
, California; named at the suggestion of cofounder Rothbard after '' Cato's Letters'', a series of British essays penned in the early 18th century by John Trenchard and Thomas Gordon. In 1981, Murray Rothbard was removed from the Cato Institute by the board. That same year, Cato relocated to Washington, D.C., settling initially in a historic house on Capitol Hill. The institute moved to its current location on Massachusetts Avenue in 1993.


21st century

In 2009, Cato Institute was ranked the fifth-ranked think tank in the world in a study of think tanks by James G. McGann, at the
University of Pennsylvania The University of Pennsylvania (Penn or UPenn) is a Private university, private Ivy League research university in Philadelphia, Pennsylvania, United States. One of nine colonial colleges, it was chartered in 1755 through the efforts of f ...
, based on a criterion of excellence in "producing rigorous and relevant research, publications and programs in one or more substantive areas of research". In 2015, Cato's revenue exceeded $37 million, and the organization had 124 employees on staff. In 2024, its revenue was reported at more than $71 million.


Activities

Various Cato Institute programs were favorably ranked in a survey on think tanks published by the
University of Pennsylvania The University of Pennsylvania (Penn or UPenn) is a Private university, private Ivy League research university in Philadelphia, Pennsylvania, United States. One of nine colonial colleges, it was chartered in 1755 through the efforts of f ...
in 2012.


Publications

The Cato Institute publishes policy studies, briefing papers, periodicals, and books. Journals and periodicals include '' Cato Journal'' (since 1981), ''Regulation'' magazine (acquired in 1990), ''Cato's Letter'', ''Cato Supreme Court Review'', ''Cato Policy Report'', Cato published '' Inquiry Magazine'' from 1977 to 1982 (before transferring it to the Libertarian Review Foundation) ''Literature of Liberty'' (from 1978 to 1979 before transferring it to the Institute for Humane Studies, which ended its publication in 1982). It also publishes ''Policy Analysis'' since 1980. Cato also co-publishes the annual '' Human Freedom Index'' with the
Fraser Institute The Fraser Institute is a Canadian Conservatism in Canada, conservative public policy think tank registered as a Charitable organization, charity. It is headquartered in Vancouver, with additional offices in Calgary, Toronto, and Montreal. It has ...
, and is the co-publisher with Fraser of the U.S. edition of the '' Economic Freedom of the World'' annual report.


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, 1993, a Cato co-pub with University of Chicago Press) * ''Patient Power: Solving America's Health Care Crisis'' ( John C. Goodman 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, 2003) * '' The Improving State of the World: 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, 2008) * ''The Beautiful Tree: A Personal Journey into How the World's Poorest People are Educating Themselves'' ( James Tooley, 2009, winner of the Sir Antony Fisher International Memorial Award) * ''The Tyranny of Silence'' ( Flemming Rose, 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 and Ronald Bailey, 2020) * ''School Choice Myths: Setting the Record Straight on Education Freedom'' ( Neal McCluskey and Corey A. DeAngelis, 2020) * ''Economics in One Virus'' (Ryan Bourne, 2021) * ''The Most Common Arguments against Immigration and Why They’re Wrong'' ( Alex Nowrasteh, 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, 2021)


Other notable books by Cato scholars

* '' Restoring the Lost Constitution'' ( Randy Barnett, 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 Uni ...
) * ''Islam Without Extremes: A Muslim Case for Liberty'' ( Mustafa Akyol, 2011) * ''The Financial Crisis and the Free Market Cure'' ( John A. Allison, 2012) * ''The Libertarian Mind: A Manifesto for Freedom'' ( David Boaz, 2015, previously Libertarianism: A Primer) * ''The Libertarian Reader'' (Edited by David Boaz, 2015) * ''The Radio Right'' (Paul Matzko, 2020) * ''Rise of the Warrior Cop: The Militarization of America's Police Forces'' ( Radley Balko, 2013) * ''Open: The Story of Human Progress'' ( Johan Norberg, 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 Libertarianism (from ; or from ) is a political philosophy that holds freedom, personal sovereignty, and liberty as primary values. Many libertarians believe that the concept of freedom is in accord with the Non-Aggression Principle, according t ...
. * ''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 is a law blog on the subject of tort reform run by the author Walter Olson. * 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. * FreedomInthe50States.org ranks states by policies that shape personal and economic freedom.


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 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 Federal Reserve, he was appointed a distinguished fellow at the Brookings Insti ...
, Federal Reserve Vice Chairman Richard Clarida,
International Monetary Fund The International Monetary Fund (IMF) is a major financial agency of the United Nations, and an international financial institution funded by 191 member countries, with headquarters in Washington, D.C. It is regarded as the global lender of las ...
Managing Director Rodrigo de Rato,
Czech Republic The Czech Republic, also known as Czechia, and historically known as Bohemia, is a landlocked country in Central Europe. The country is bordered by Austria to the south, Germany to the west, Poland to the northeast, and Slovakia to the south ...
President Václav Klaus, 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 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". 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 and civil liberties under the rule of law, with special emphasis on individual autonomy, limited governmen ...
. According to executive vice president David Boaz, 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”. 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 of the
Daily Kos Daily Kos ( ) is a group blog and internet forum focused on the U.S. Democratic Party (United States), Democratic Party and Modern liberalism in the United States, liberal American politics. The site publishes blog posts, polls, election and cam ...
proposed the term " Libertarian Democrat" to describe his particular liberal position, suggesting that libertarians should be allies of the Democratic Party. Replying, Cato's vice president for research Brink Lindsey 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".


Objectivism

The relationship between Cato and the Ayn Rand Institute (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; he was succeeded by Peter Goettler.


Positions

The Cato Institute advocates policies that advance "individual
liberty Liberty is the state of being free within society from oppressive restrictions imposed by authority on one's way of life, behavior, or political views. The concept of liberty can vary depending on perspective and context. In the Constitutional ...
, limited government, free markets, and
peace Peace is a state of harmony in the absence of hostility and violence, and everything that discusses achieving human welfare through justice and peaceful conditions. In a societal sense, peace is commonly used to mean a lack of conflict (suc ...
". 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 9, 1984) is an American American liberalism, liberal political commentator and journalist. He is currently a ''The New York Times, New York Times'' columnist and the host of ''The Ezra Klein Show'' podcast. He is a co-founde ...
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 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. A Republican Party (United States), Republican, DeLay represented Texas's 22nd congress ...
of Texas might be visiting for lunch. Or Cato staffers might be plotting strategy with House Majority Leader Dick Armey, another Texan, and his staff."


Defense and foreign policy

Cato's non-interventionist 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 BushBefore the outcome of the 2000 United States presidential election, he was usually referred to simply as "George Bush" but became more commonly known as "George H. W. Bush", "Bush Senior," "Bush 41," and even "Bush th ...
's 1991
Gulf War , combatant2 = , commander1 = , commander2 = , strength1 = Over 950,000 soldiers3,113 tanks1,800 aircraft2,200 artillery systems , page = https://www.govinfo.gov/content/pkg/GAOREPORTS-PEMD-96- ...
operations (a position which caused the organization to lose nearly $1 million in funding), President
Bill Clinton William Jefferson Clinton (né Blythe III; born August 19, 1946) is an American politician and lawyer who was the 42nd president of the United States from 1993 to 2001. A member of the Democratic Party (United States), Democratic Party, ...
's interventions in
Haiti Haiti, officially the Republic of Haiti, is a country on the island of Hispaniola in the Caribbean Sea, east of Cuba and Jamaica, and south of the Bahamas. It occupies the western three-eighths of the island, which it shares with the Dominican ...
and
Kosovo Kosovo, officially the Republic of Kosovo, is a landlocked country in Southeast Europe with International recognition of Kosovo, partial diplomatic recognition. It is bordered by Albania to the southwest, Montenegro to the west, Serbia to the ...
, President George W. Bush's 2003 invasion of Iraq, and President Barack Obama's 2011 military intervention in Libya. As a response to the September 11 attacks, 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. 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 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 George Washington (, 1799) was a Founding Fathers of the United States, Founding Father and the first president of the United States, serving from 1789 to 1797. As commander of the Continental Army, Washington led Patriot (American Revoluti ...
to
Cold War The Cold War was a period of global Geopolitics, geopolitical rivalry between the United States (US) and the Soviet Union (USSR) and their respective allies, the capitalist Western Bloc and communist Eastern Bloc, which lasted from 1947 unt ...
realists like George Kennan. 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.


Domestic policies

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 agencies of the United States government, independent agency of the federal government of the United States, US federal government responsible for the United States ...
,
Social Security Welfare spending 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 specifically to social insurance ...
, the
United States Postal Service The United States Postal Service (USPS), also known as the Post Office, U.S. Mail, or simply the Postal Service, is an independent agencies of the United States government, independent agency of the executive branch of the federal governmen ...
, the Transportation Security Administration, public schooling, public transportation systems, and public broadcasting. 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. List of countries by minimum wage, Most countries had introduced minimum wage legislation b ...
laws, saying that they violate the freedom of contract and thus private property rights, and increase unemployment. The institute is opposed to expanding overtime 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 prohibitions, opposes public sector unions, and supports right-to-work laws. It opposes universal health care, arguing that it is harmful to patients and an intrusion onto individual liberty. It is against
affirmative action Affirmative action (also sometimes called reservations, alternative access, positive discrimination or positive action in various countries' laws and policies) refers to a set of policies and practices within a government or organization seeking ...
. It has also called for total abolition of the welfare state, 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. Cato is a fierce foe of the war on drugs, arguing that consenting adults have the right to put any substance they wish to in their bodies and that drug prohibition drives mass incarceration while fueling violent competition between gangs and failing to prevent drug abuse. Cato has published numerous studies criticizing what it calls "
corporate welfare Corporate welfare refers to government financial assistance, Subsidy, subsidies, tax breaks, or other favorable policies provided to private businesses or specific industries, ostensibly to promote economic growth, job creation, or other public b ...
", the practice of public officials funneling taxpayer money, usually via targeted budgetary spending, to politically connected corporate interests. Cato has published strong criticisms of the 1998 settlement which many U.S. states signed with the tobacco industry. Cato president Ed Crane and Sierra Club executive director Carl Pope co-wrote a 2002
op-ed An op-ed, short for "opposite the editorial page," is a type of written prose commonly found in newspapers, magazines, and online publications. They usually represent a writer's strong and focused opinion on an issue of relevance to a targeted a ...
piece in ''
The Washington Post ''The Washington Post'', locally known as ''The'' ''Post'' and, informally, ''WaPo'' or ''WP'', is an American daily newspaper published in Washington, D.C., the national capital. It is the most widely circulated newspaper in the Washington m ...
'' 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 as a give-away to corporate interests. In 2003, Cato filed an ''amicus'' brief in support of the Supreme Court's decision in '' Lawrence v. Texas'', 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 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 2004, the institute published a paper arguing in favor of "drug reimportation". 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 (government title), president or monarch vetoes a bill (law), bill to stop it from becoming statutory law, law. In many countries, veto powe ...
Amendment to the
United States Constitution The Constitution of the United States is the Supremacy Clause, supreme law of the United States, United States of America. It superseded the Articles of Confederation, the nation's first constitution, on March 4, 1789. Originally includi ...
. In 2006, Cato published a Policy Analysis criticising the Federal Marriage Amendment 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 legal Legal sex and gender, sex. marriage between same-sex couples is legally performed and recognized in 38 countries, with a total population of 1.5 ...
; the amendment failed in both houses of Congress. A 2006 Cato report by Radley Balko strongly criticized U.S. drug policy and the perceived growing militarization of U.S. law enforcement. A 2006 study criticized the Digital Millennium Copyright Act. Cato supports same-sex marriage and filed an ''amicus'' brief in the case of '' Obergefell v. Hodges'' supporting a constitutional right to same-sex marriage. Cato does not formally oppose
capital punishment Capital punishment, also known as the death penalty and formerly called judicial homicide, is the state-sanctioned killing of a person as punishment for actual or supposed misconduct. The sentence (law), sentence ordering that an offender b ...
; however, they have frequently criticized the practice.


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 scientists, including Albert Einstein and Nikola Tesla, have contributed articles to it, with more than 150 Nobel Pri ...
'' have called Cato's work on global warming "false" and based on " data selection". A December 2003 Cato panel included Patrick Michaels, Robert Balling and John Christy. Michaels, Balling and Christy agreed that global warming is related at least some degree to human activity, 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 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, another denier of the
scientific consensus on climate change There is a nearly unanimous scientific consensus that the Earth has been consistently warming since the start of the Industrial Revolution, that the rate of recent warming is largely unprecedented, and that this warming is mainly the result o ...
.


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 choices. 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 Canadian Conservatism in Canada, conservative public policy think tank registered as a Charitable organization, charity. It is headquartered in Vancouver, with additional offices in Calgary, Toronto, and Montreal. It has ...
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 the most peaceful and healthy immigrants, and urges policymakers to expand and deregulate legal immigration. Further, Cato supports open borders.


Presidential administrations

Cato scholars were critical of
George W. Bush George Walker Bush (born July 6, 1946) is an American politician and businessman who was the 43rd president of the United States from 2001 to 2009. A member of the Bush family and the Republican Party (United States), Republican Party, he i ...
's Republican administration (2001–2009) on several issues, including education, and excessive government spending. On other issues, they supported Bush administration initiatives, most notably health care,
Social Security Welfare spending 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 specifically to social insurance ...
,
global warming Present-day climate change includes both global warming—the ongoing increase in global average temperature—and its wider effects on Earth's climate system. Climate change in a broader sense also includes previous long-term changes ...
, tax policy, and
immigration Immigration is the international movement of people to a destination country of which they are not usual residents or where they do not possess nationality in order to settle as Permanent residency, permanent residents. Commuting, Commuter ...
.Cato's link
During the 2008 U.S. presidential election, Cato scholars criticized both major-party candidates,
John McCain John Sidney McCain III (August 29, 1936 – August 25, 2018) was an American statesman and United States Navy, naval officer who represented the Arizona, state of Arizona in United States Congress, Congress for over 35 years, first as ...
and Barack Obama. Cato has criticized President Obama's stances on policy issues such as Stimulus (economic), fiscal stimulus, Health care reform in the United States, healthcare reform, Foreign policy of the United States, foreign policy, and drug-related matters, while supporting his stance on the repeal of Don't Ask, Don't Tell and his support for the DREAM Act (though not for his implementing its terms through executive action). Cato opposed Executive Order 13769, which 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.


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 scale, 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.


Funding, tax status, and corporate structure

The Cato Institute is classified as a 501(c)(3) organization under the 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 the 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. ''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 four shareholders of the Cato Institute: 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, while Crane contended that Niskanen's shares 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.


Prizes


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, of 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, executive vice president * Michael F. Cannon, director of health policy studies * 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, vice president * John A. Allison, former president and CEO * Nat Hentoff, senior fellow * Deirdre McCloskey, distinguished scholar * Jeffrey A. Miron, senior fellow * John Mueller, senior fellow * William A. Niskanen, chairman and distinguished senior economist * Johan Norberg, senior fellow * Alex Nowrasteh, immigration policy analyst * Walter Olson, 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 (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, 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, 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,
University of Pennsylvania The University of Pennsylvania (Penn or UPenn) is a Private university, private Ivy League research university in Philadelphia, Pennsylvania, United States. One of nine colonial colleges, it was chartered in 1755 through the efforts of f ...
), 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 Canadian Conservatism in Canada, conservative public policy think tank registered as a Charitable organization, charity. It is headquartered in Vancouver, with additional offices in Calgary, Toronto, and Montreal. It has ...
* The Heartland Institute * Reason Foundation * Tax resistance


Explanatory notes


References


External links

* * {{Authority control Cato Institute, Libertarian organizations based in the United States Libertarian think tanks Massachusetts Avenue (Washington, D.C.) Non-interventionism Organizations established in 1974 Political and economic think tanks in the United States Public policy research