[![CPR - v44n5 - Cover](/sites/cato.org/files/styles/serial_cover_phone/public/2022-10/cpr-v44n5-cover.png?itok=-cK_LtNO)](https://www.cato.org/sites/cato.org/files/2022-10/cpr-v44n5-full.pdf) 

# September/​October 2022 

Vol. 44 No. 5 

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##### From the Cover 

### [What Should the Fed (and Congress) Do Now? ](/policy-report/september/october-2022/what-should-fed-congress-do-now)

By [Norbert J. Michel](https://www.cato.org/people/norbert-michel) 

The natural tendency is to associate high inflation with monetary policy, faulting the Federal Reserve for “printing too much money,” but the current bout of rising inflation is not entirely the Fed’s fault.

##### Features 

#### [Playing the Long Game for Liberty ](/policy-report/september/october-2022/playing-long-game-liberty)

By [Robert A. Levy](https://www.cato.org/people/robert-levy) 

Cato will vigorously promote pro-liberty ideas.

#### [Fresh Faces on Cato’s Board of Directors ](/policy-report/september/october-2022/fresh-faces-catos-board-directors)

New chair and other members bring expertise to the board

#### [Cato News Notes ](/policy-report/september/october-2022/cato-news-notes)

#### [What Went Wrong with Tunisian Democracy? ](/policy-report/september/october-2022/what-went-wrong-tunisian-democracy)

By Radwan A. Masmoudi and Monica Marks 

Tunisia has failed in building real political parties.

#### [Two Decades of Wins for Liberty in Education ](/policy-report/september/october-2022/two-decades-wins-liberty-education)

Looking back on the anniversary of Cato’s Center for Educational Freedom

#### [A “Major” Win for Limited Government ](/policy-report/september/october-2022/major-win-limited-government)

Ensuring that laws are made by the people’s elected representatives isn’t just a procedural point.

#### [Cato Studies ](/policy-report/september/october-2022/cato-studies)

#### [To Be Governed… ](/policy-report/september/october-2022/be-governed)

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