At the @CatoInstitute, we stand firmly on the principles of the Declaration of Independence and the Constitution—on the bedrock American values of individual liberty, limited government, free markets, and peace.

cato.org/cato-handbook-… #CatoHandbook
Throughout our more than 40 years, we have criticized officials of both parties when they have gone against these core values—and we have worked with them when they sought to expand freedom, limit government, or protect the Constitution.

cato.org/cato-handbook-… #CatoHandbook
As Milton Friedman used to say, “Freedom is fragile; we can’t take it for granted.”

It is up to every citizen and especially policymakers to act in such a way as to support and defend our constitutional order.

cato.org/cato-handbook-… #CatoHandbook
And, sometimes, the hardest lesson to accept may be that the best solution to a problem is for Congress to do nothing.

cato.org/cato-handbook-… #CatoHandbook
Fidelity to our founding principles of respect for civil liberties and limited government may be easy when times are easy. The true test of our faith in those principles comes in troubling times.

cato.org/cato-handbook-… #CatoHandbook
The 9th edition of the #CatoHandbook for Policymakers—NEW today—details hundreds of policy recommendations for state and federal policymakers in different policy areas, including both big, systemic changes and very detailed, specific ideas.

cato.org/cato-handbook-…

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More from @CatoInstitute

Oct 19
It’s not every day you find a government document calling for @CatoInstitute employees to be charged with treason...

It seems we’ve touched a nerve.

A #CatoTrade 🧵...
For months, Cato’s @PGEddington & @ColinGrabow have been using the Freedom of Information Act (FOIA) to gain access to internal emails from the U.S. Maritime Administration (MARAD)

It's been a grueling process and responses from MARAD have often been late, missing, or incomplete
After months of appeals and threats of legal action on our part, MARAD finally sent us the required materials last month.

After reading through what they sent, we understand why the agency was so reluctant to comply with the law...
Read 8 tweets
Oct 18
BREAKING: We filed suit in federal court in Kansas today, challenging the legality of the Biden Administration’s program of mass cancellation of student loan debt.

A #CatoCEF 🧵…
“Forcing taxpayers to pick up the tab for other people’s college loans is bad policy, but in the case of President Biden’s order, it is also illegal," said @CatoInstitute President and CEO Peter Goettler.
"Neither President Biden nor the Department of Education has the power to cancel student loans without congressional authorization...The Constitution does not give the federal government the power to fund, guarantee, or cancel student loans." - @CatoInstitute's Peter Goettler.
Read 6 tweets
Oct 18
Should banks share your financial records and bank transactions with the federal government?

Well, because of the Bank Secrecy Act, they do.

(NEW STUDY: cato.org/study/restorin…)

An important #CatoEcon 🧵...
The Bank Secrecy Act requires financial institutions to assist federal agencies in detecting & preventing money laundering & other crimes

It forces private companies to act as law enforcement agents

LEARN MORE: cato.org/study/restorin… #CatoEcon
Millions of Suspicious Activity Reports are filed annually—but only 1 in 1720 resulted in an investigation by the IRS in 2012

In the last ten years, the number of SARs have almost doubled, while the number of investigations halved

LEARN MORE: cato.org/study/restorin… #CatoEcon
Read 5 tweets
Sep 20
Everything you know about income inequality, poverty, and other measures of economic well‐​being in America is WRONG.

A #CatoEcon 🧵… cato.org/study/myth-ame… Image
Income inequality has been falling for the past 70 years.

Indeed, the facts reveal a very different & better America than the one currently described in debates across much of the political spectrum.

cato.org/study/myth-ame… #CatoEcon Image
Today, most people are economically as prosperous as many people in the top 20% were 50 years ago.

cato.org/study/myth-ame… #CatoEcon Image
Read 5 tweets

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