The 2016 Friedman Prize: Register Now to Attend

The Milton Friedman Prize for Advancing Liberty, named in honor of perhaps the greatest champion of liberty in the 20th century, is presented every other year to an individual who has made a significant contribution to advance human freedom. Registrations are now being accepted for the 2016 Biennial Dinner, which will be held on May 25, 2016 at the Waldorf-Astoria Hotel in New York City. Nobel Prize winner Angus Deaton will be delivering the keynote address.

President Clinton and the Chilean Model

In his January 1999 State of the Union address, President Clinton proposed “a new pension initiative for retirement security in the 21st century” – specifically, personal retirement accounts – inspired by the Chilean pension reform twenty years earlier.  In the new issue of Cato Policy Report, Cato scholar and architect of the Chilean model José Piñera recounts the remarkable story of the Clinton administration’s plans to add individual investment accounts to Social Security, and how those plans were derailed by the Lewinsky scandal.

Technologies Converge and Power Diffuses: The Evolution of Small, Smart, and Cheap Weapons

Dramatic improvements in robotics, artificial intelligence, additive manufacturing (also known as 3D printing), and nanoenergetics are dramatically changing the character of conflict in all domains. The convergence of these new and improving technologies is creating a massive increase in capabilities available to smaller and smaller political entities — extending even to the individual. In a new study, T. X. Hammes argues that this new diffusion of power has major implications for the conduct of warfare and national strategy.

U.S. Fiscal Imbalance over Time: This Time Is Different

The U.S. fiscal imbalance—the excess of what we expect to spend, including repayment of our debt, over what government expects to receive in revenue—is large and growing. And with politicians proposing large new expenditures, little is being done to rectify the country’s fiscal health. In a new paper, Cato scholar Jeffrey Miron shows that the United States has faced a growing fiscal imbalance since the early 1970s, largely as a consequence of continuous growth in mandatory spending.

Recent Commentary


February 9

Cornerstone of Liberty: Property Rights in 21st-Century America

Featuring the authors Timothy Sandefur, Principal Attorney, Pacific Legal Foundation; and Christina Sandefur, Vice President for Policy, Goldwater Institute; with comments by Robert V. Percival, Director, Environmental Law Program, University of Maryland School of Law; and Roger Pilon, Director, Center for Constitutional Studies, Cato Institute; moderated by Trevor Burrus, Research Fellow, Center for Constitutional Studies, Cato Institute.

12:00PM to 1:30PM
Hayek Auditorium

February 10

Intellectual Property and First Principles

Featuring Randolph J. May, President, The Free State Foundation, coauthor, The Constitutional Foundations of Intellectual Property; Richard A. Epstein, Laurence A. Tisch Professor of Law, New York University Law School; Jim Harper, Senior Fellow, Cato Institute; and Eli Dourado, Director, Technology Policy Program, Mercatus Center, George Mason University; moderated by Roger Pilon, Director, Center for Constitutional Studies, Cato Institute.

11:00AM to 1:00PM
Hayek Auditorium

Of Special Note

Perilous Partners

Perilous Partners

American leaders have cooperated with regimes around the world that are, to varying degrees, repressive or corrupt. Such cooperation is said to serve the national interest. But these partnerships also contravene the nation’s commitments to democratic governance, civil liberties, and free markets.

In Perilous Partners, authors Ted Galen Carpenter and Malou Innocent provide a strategy for resolving the ethical dilemmas between interests and values faced by Washington.

Purchase your copy today

Special! 10 Copies for $10

Cato Pocket Constitution

To encourage people everywhere to better understand and appreciate the principles of government that are set forth in America’s founding documents, the Cato Institute published this pocket-size edition.

Now Available

The Libertarian Mind Audiobook

The Libertarian Mind, by David Boaz, longtime executive vice president of the Cato Institute, is the best available guide to the history, ideas, and growth of libertarianism, and is the ultimate resource for the current, burgeoning libertarian movement. This acclaimed book is now available as a fully unabridged audiobook, ready for immediate downloading, on


Lukewarming: The New Climate Science that Changes Everything

In Lukewarming: The New Climate Science that Changes Everything, two environmental scientists with over a half century of experience between them explain the science and spin behind the headlines and come to a provocative conclusion: climate change is real, and partially man-made, but it is becoming obvious that far more warming has been forecast than is going to occur, and some of the catastrophic impacts can be shown to be implausible or impossible.

Purchase the ebook