Ed Crane was arguably the most important person in building the libertarian movement we now know. There had been previous—and valiant—attempts by others, but they largely fizzled out for a variety of reasons: lack of financing, reluctance to change approaches to addressing issues, insufficient faithfulness to the ideas libertarians hold dear, and simple bad luck, among others.
Ed was involved with a number of libertarian institutions and publications throughout the 1970s and early 1980s, some under his direct control and some he oversaw indirectly. His lasting legacy, though, will be cofounding the Cato Institute. In 1977, libertarian ideas were in the ascent due to the failure of the Vietnam War, the Watergate scandal, and stagflation, all of which reduced public trust in government. In short, Cato was founded at a propitious time. That wasn’t an accident—it was ideological entrepreneurism at its best.
Cato slowly but surely grew and became one of the most important public policy institutions in the United States—indeed, the world. Ed’s vision of creating a think tank that would compete with others in the battle of ideas has been realized, perhaps more successfully than even he had envisioned.
Only 20 months ago, we lost David Boaz, Ed’s longtime right-hand man, the person who oversaw Cato’s policy work on a day-to-day basis. He made sure that our output met Ed’s exacting standards and became the foremost voice of his generation for advancing libertarian ideas through his own work.
Without Ed, there very well may not have been a Cato Institute at all, and without David, there wouldn’t be the one we know today. I am extremely grateful to both of them for that and for giving me a shot to be a part of it. I will remain so forever.