[![Media Name: v25n5-cover.jpg](/sites/cato.org/files/styles/serial_cover_phone/public/serials/covers/v25n5-cover.jpg?itok=EoGPNm9F)](https://www.cato.org/sites/cato.org/files/serials/files/policy-report/2003/9/cpr-25n5.pdf) 

# September/​October 2003 

Vol. 25 No. 5 

[ 

Download PDF 

](https://www.cato.org/sites/cato.org/files/serials/files/policy-report/2003/9/cpr-25n5.pdf) 

##### From the Cover 

### [A Libertarian Looks at Human Accomplishment in the Arts and Sciences ](/policy-report/september/october-2003/libertarian-looks-human-accomplishment-arts-sciences)

##### Features 

#### [Monetary Policy Is Still Too Tight ](/policy-report/september/october-2003/monetary-policy-still-too-tight)

By [William A. Niskanen](https://www.cato.org/people/william-niskanen) 

#### [Rebuilding Iraq:Prospects for Democracy ](/policy-report/september/october-2003/rebuilding-iraqprospects-democracy)

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