The Cato Institute is a libertarian think tank founded in 1977 by Ed Crane, Murray Rothbard, and Charles Koch. Based in Washington, D.C., its primary focus is public advocacy, media exposure, and influencing societal discourse from a libertarian perspective. The organization promotes policies based on individual liberty, limited government, free markets, and peace.
In January 1977, the Cato Institute was founded in San Francisco, California. The name was suggested by cofounder Rothbard, inspired by Cato's Letters.
From 1977 to 1982, Cato published Inquiry Magazine before transferring it to the Libertarian Review Foundation.
In 1977, the Cato Institute was founded in Washington, D.C. by Ed Crane, Murray Rothbard, and Charles Koch. The organization aimed to increase public advocacy, media exposure, and societal influence.
From 1978 to 1979, Cato published Literature of Liberty before transferring it to the Institute for Humane Studies.
In 1979, Cato transferred Literature of Liberty to the Institute for Humane Studies.
In 1981, Murray Rothbard was removed from the Cato Institute. The institute also relocated to Washington, D.C., initially settling on Capitol Hill.
Since 1981, Cato has published the Cato Journal.
In 1982, Cato transferred Inquiry Magazine to the Libertarian Review Foundation.
In 1990, Cato acquired Regulation magazine.
In 1991, Cato scholars opposed President George H. W. Bush's Gulf War operations. This position resulted in a loss of nearly $1 million in funding.
In 1993, the Cato Institute moved to its current location on Massachusetts Avenue in Washington, D.C..
In 1995, Nina Eastman reported about Cato staffers plotting strategy with House Majority Leader Dick Armey and his staff.
Since 1996, Cato is the co-publisher with Fraser of the U.S. edition of the Economic Freedom of the World annual report.
Cato published strong criticisms of the 1998 settlement which many U.S. states signed with the tobacco industry.
From 2001, Cato scholars were critical of George W. Bush's Republican administration on several issues, including education, and excessive government spending.
In January 2002, Ted Galen Carpenter criticized the arguments offered to justify the 2003 invasion of Iraq.
In 2002, Cato president Ed Crane and Sierra Club executive director Carl Pope called for the abandonment of the Republican energy bill, arguing that it had become a gravy train for Washington, D.C., lobbyists.
Since 2002, the Cato Institute has been awarding the Milton Friedman Prize for Advancing Liberty every two years. The prize recognizes significant contributions to advancing human freedom and includes a cash award of US$250,000.
In December 2003, a Cato panel including Patrick Michaels, Robert Balling and John Christy agreed that global warming is related to human activity but that many scientists and the media have overstated the danger.
Cato scholars criticized President George W. Bush's 2003 invasion of Iraq.
In 2003, Cato filed an amicus brief in support of the Supreme Court's decision in Lawrence v. Texas, which struck down state laws against homosexual relations.
In 2003, Cato scholars Jerry Taylor and Peter Van Doren criticized the Bush administration's views on energy policy, calling the Republican Energy Bill "corporate welfare".
In 2003, libertarians associated with Cato contended that the Constitution is not adequate to guarantee the protection of private property rights regarding environmental protection.
In 2004, Cato scholar Daniel Griswold wrote in support of President George W. Bush's proposal to grant temporary work visas to otherwise undocumented laborers.
In 2004, the Cato Institute published a paper arguing in favor of "drug reimportation".
In 2005, Cato scholar Jerry Taylor teamed up with Daniel Becker of the Sierra Club to attack the Republican Energy Bill as a give-away to corporate interests.
In 2006, Cato published a Policy Analysis criticising the Federal Marriage Amendment as unnecessary, anti-federalist, and anti-democratic.
In 2006, Cato published a study criticizing the Digital Millennium Copyright Act.
In 2006, Markos Moulitsas proposed the term "Libertarian Democrat", and Cato's Brink Lindsey commented on potential alliances between libertarians and liberals while noting differences in economic policy views.
In 2006, a Cato report by Radley Balko strongly criticized U.S. drug policy and the perceived growing militarization of U.S. law enforcement.
In 2006, the Cato Institute published a study proposing a Balanced Budget Veto Amendment to the United States Constitution.
During the 2008 U.S. presidential election, Cato scholars criticized both major-party candidates, John McCain and Barack Obama.
In 2009, the Cato Institute was ranked as the fifth-ranked think tank in the world. This ranking was based on research, publications, and programs.
Until 2009, Cato scholars were critical of George W. Bush's Republican administration on several issues, including education, and excessive government spending.
In October 2011, William A. Niskanen, one of the four shareholders of the Cato Institute, passed away.
In 2011, Cato scholars criticized President Barack Obama's military intervention in Libya.
In 2011, Christopher Preble said that the "scare campaign" to protect military spending from cuts under the Budget Control Act has backfired.
In March 2012, a dispute arose regarding the ownership of William Niskanen's shares in the Cato Institute, following his death. Charles and David Koch filed suit, arguing the shares should be offered to the board first, while Ed Crane contended they belonged to Niskanen's widow.
In June 2012, the Cato Institute announced an agreement in principle to settle the ownership dispute by changing its governing structure, replacing shareholders with a board. Ed Crane retired and was replaced by John A. Allison IV, and the Koch brothers dropped two lawsuits.
In 2012, The Nation reported support for Cato from the tobacco industry.
In 2012, a settlement was reached regarding a sexual harassment claim against Ed Crane, according to Politico's report.
In 2012, the Cato Institute had a budget of $23 million.
In 2012, the relationship between Cato and the Ayn Rand Institute improved with the nomination of Cato's new president John A. Allison IV.
In 2012, various Cato Institute programs were favorably ranked in a survey on think tanks that was published by the University of Pennsylvania.
In 2014, the Cato Institute topped the list of the budget-adjusted ranking of international development think tanks.
In March 2015, John A. Allison IV retired as president of the Cato Institute and was succeeded by Peter Goettler.
In 2015, the Cato Institute's revenue exceeded $37 million. The organization had 124 employees on staff.
In fiscal year 2015, the Cato Institute reported revenue of $37.3 million and expenses of $29.4 million.
Since 2015, Cato co-publishes the annual Human Freedom Index with the Fraser Institute.
In January 2017, Cato opposed Executive Order 13769, which decreased the number of refugees admitted into the United States.
In 2018, several former Cato employees alleged that Ed Crane engaged in sexual harassment for a prolonged period, from the 1990s until his departure in 2012.
According to the 2019 Global Go to Think Tank Index Report, the Cato Institute was ranked as the 20th top think tank worldwide and 13th in the United States.
In 2019, Cato closed its "Center for the Study of Science" after its head Pat Michaels left over disagreements, along with his collaborator Ryan Maue.
In March 2020, Cato Institute reported Net assets of $81,391,000.
In June 2020, the 2019 Global Go to Think Tank Index Report was revised. The Cato Institute's ranking remained unchanged.
As of 2020: No event happened, this is just a statement of time
In 2020, according to the Global Go To Think Tank Index Report, the Cato Institute was ranked number 27 among the "Top Think Tanks Worldwide" and number 13 in the "Top Think Tanks in the United States". It also received high rankings in various specific policy areas.
In 2024, the Cato Institute reported revenue of more than $71 million.