Hawley’s Interest Rate Cap Is a Loser
Norbert Michel I spent a large portion of my career working at a conservative think tank, and during my last few years there I often heard folks say things like, “Of course free markets are great, but they need limits, just like everything.” Typically,
The Original Oracle of Omaha: Howard Homan Buffett
Before there was Warren Buffett, known as much for his progressive politics as his acumen with money, there was his father, Howard Homan Buffett, a libertarian of the Old Right. Original Article: "The Original Oracle of Omaha: Howard Homan Buffett"
Striking Autoworkers Will Only Harm Their Own Livelihoods
On Friday, September 15, 12,700 members of the United Auto Workers union (UAW) walked off the job at plants owned by the “Big Three” automakers—Ford, General Motors, and Stellantis (which owns Chrysler, Jeep, and Ram). The walkout marked the beginning
The Fourth Amendment Is Meant To Protect People From Government Abuse
Norbert Michel This new Forbes post provides a brief overview of my testimony last week in the U.S. House of Representatives at a hearing titled Digital Dollar Dilemma: The Implications of a Central Bank Digital Currency and Private Sector Alternatives. Naturally, Cato’s scholars don’t
Rising Farm Incomes Underscore Need for Subsidy Cuts
Chris Edwards As Congress considers a farm bill in coming months, it should keep in mind that farm household incomes have risen greatly over the decades. When farm programs were put in place in the 1930s, the “per person disposable income of
New Economic Freedom Report: Hong Kong Falls from Top Spot
Ian Vásquez Hong Kong is no longer number one, according to the Economic Freedom of the World: 2023 Annual Report, released today by the Fraser Institute and co‐published in the United States by the Cato Institute. As Hong Kong’s ratings declined,
The 2022-2023 Cato Supreme Court Review
Thomas A. Berry Yesterday at the Cato Institute we celebrated Constitution Day with our annual symposium, which coincides with the release of the Cato Supreme Court Review. This was the 22nd edition of the Review, and my first as editor in
Are Markets Tyrannical? Where Christian Conservatives Are Mistaken
A number of Christian conservatives are claiming that markets are as coercive as government. Try boycotting the FBI or your local police the next time they do something outrageous. Original Article: "Are Markets Tyrannical? Where Christian Conservatives Are Mistaken"
School Supply Lists Include SROs. Is That a Good Thing?
Kayla Susalla School is back in session and many districts prepared by stocking up on School Resource Officers (SROs). Yet research is unclear about the effectiveness of SROs at increasing school safety, and suggests their presence leads to excessive discipline. Policies increasing
Higher Borrowing Costs Will Cause Harm: It Now Is a Matter of Time
Those who have been predicting a recession in the United States and an associated stock market crash seem to be having a hard time. At least, it appears so. US gross domestic product grew by 2.1 percent in Q2 2023,