Good night, sweet prince, and flights of angels sing thee to thy rest!
—Shakespeare
I am deeply saddened by the loss of a wonderful human being, a loyal and loving friend, and an incomparable champion of liberty, the great Ed Crane.
Ed was an instrumental positive force in my personal and professional development. So many memories, so many experiences, such wonderful moments, either while sharing a panel at international conferences, having open discussion on various topics in his office at Cato headquarters, or being a guest at his home, together with his children and the great Kristina.
Ed, almost singlehandedly, was responsible for spreading the work of the Cato Institute, and the principles of liberty, prosperity, and peace, in my native Mexico. I am immensely proud of the incredible and lasting work we did in my country. The three-day intellectual fest “Liberty in the Americas: Free Trade and Beyond,” held in Mexico City in May 1992, brought together some 53 proponents of liberty across the Americas to discuss a wide variety of topics and challenges over the course of three incredible days—including Milton and Rose Friedman, who attracted unprecedented attention in the media among high-ranking officials, business leaders, and the community at large during the course of their visit.
Ian Vásquez had just joined Cato at the time, and we were both assigned lead roles in making the conference happen. Ian has since become one of my dearest friends.
Ed’s vote of confidence was a source of pride and personal joy—and the amazing success of this gathering was followed by two highly successful Cato monetary conferences, in 1994 and again in 2001; with three impactful visits by José Piñera during his tenure at Cato, supporting and advising the then-Zedillo government and Mexico’s leaders on the benefits of individual pension accounts; with Ed’s enormous help in a memorable Mont Pelerin Society regional meeting in January 1996 in Cancún, which I then had the opportunity to organize; with his kind invitations to join Cato Club 200 retreats in Playa del Carmen and Los Cabos; and so much more.
I always felt at home every time I visited the Cato Institute. It was always a homecoming—whether attending anniversary dinners (applauding Walter Williams!), or the fantastic biennial Milton Friedman Prize dinners, or all sorts of conferences where I had the privilege to speak, or even in impromptu visits, whereupon I would proceed to knock on Ed’s office door to say “hola” without a prior scheduled meeting. Often, after engaging in chitchat, Ed would follow with “…please join Kristina and me for dinner tonight (or this weekend) at our home.”
Again, so many memories, so many experiences, so much more that reflects an eternal debt of gratitude to the great Ed Crane. But two anecdotes, among a large number of shared moments, stand out.
In the fall of 2001, during the course of the Cato monetary conference in Mexico City, I was able to arrange an invitation to join then-President Vicente Fox for dinner at the presidential residence in Los Pinos. It was a small but commanding group, which included Robert Mundell, José Piñera, my dear friend Judy Shelton, Minister of Finance Francisco Gil Díaz, our central bank governor Guillermo Ortiz, Ed Crane, and myself, among others. We talked about Mexico, dollarization, free trade, pension reform, and other policy topics. All of a sudden, Ed finally intervened and uttered something to the effect of: “It pains me to think of the gigantic waste and exorbitant opportunity cost of not legalizing drugs—so much taxpayer money down the drain, so many lives lost, when will we ever learn?” You could have heard a pin drop in the dining room. No comments ensued, which to me, and perhaps to all present, was an admission that the truth had been spoken—even though sometimes the truth hurts.
My second memory, forever cherished in my relationship with Ed, was a visit that my late, great father, Roberto Salinas-Price, and I made to Cato headquarters in September 2011, just a year prior to my father’s passing. Our visit was to inform Ed that we wished for three of the most prized items in my father’s remarkable book collection to be contributed to and exhibited at the Cato Institute—first editions of The Wealth of Nations, The Federalist Papers, and Cato’s Letters. After a long, delightful conversation I still treasure, we said our respective goodbyes, whereupon my father turned to Ed and said: “Ed, I love the Cato Institute … but I am doing this for you, and because of you.”
Another dear friend of mine whom I met because of my relationship with Ed, the extraordinary Lesley Albanese, would later turn our family wishes into a moving and beautiful reality. Today, those three editions stand out brightly in the Institute’s library, with a plaque memorializing my parents—a testament to our friendship, our bonds, and our shared values in defense of liberty.
For this, for so much more, gracias, gracias, gracias, Ed. You were, always, sine qua non—to me, and to so many others.
We will miss you, now and forever.