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    Contagion

    by November 29, 2025
    November 29, 2025

    Politicians and central bankers invoke “contagion” to demand more power and money, while their interventions cause the very fragility they decry.

  • World News

    Does AI lead to Socialism?

    by November 28, 2025
    November 28, 2025

    The standing myth about AI is that it will put everyone out of work and leave the Marxian Reserve Army of Labor. The other fear is that it will bring…

  • World News

    The Anti-Capitalist Mentality of the Estado Novo

    by November 28, 2025
    November 28, 2025

    Portugal’s Estado Novo, which dominated politics for more than 30 years there, and was firmly anti-capitalist. It has been 50 years since Estado Novo’s demise, but anti-capitalist thinking still dominates…

  • World News

    The Great Depression: An Austrian Reply to WIRED

    by November 28, 2025
    November 28, 2025

    Bob walks through a recent WIRED video on “the economics behind the Great Depression,” correcting its claims on lax regulation, Hoover’s alleged inaction, the role of the Fed and the…

  • Editor's PickInvesting

    Law Students and Early-Career Lawyers: Come Work at Cato!

    by November 28, 2025
    November 28, 2025

    Thomas A. Berry Are you graduating from law school in 2026, or are you a lawyer with roughly 0–2 years of legal experience? Do you want to write briefs on the…

  • World News

    The Impossible Two Percent: Why Central Banks Cannot Afford Price Stability

    by November 28, 2025
    November 28, 2025

    While the Fed continues its “two percent” charade, the central bank has been inflating the US economy into ruin. The latest Fed capers will not end well.

  • World News

    Hofstadter on Lincoln

    by November 28, 2025
    November 28, 2025

    Historian Richard Hofstadter was a well-known progressive, but his take on Abraham Lincoln certainly differs from the hagiographic approach most US historians take toward him.

  • World News

    Thanksgiving: A Celebration of Domestic Life

    by November 28, 2025
    November 28, 2025

    For 150 years, Thanksgiving has been primarily an apolitical holiday that’s really about family fun and eating a huge meal.

  • World News

    The Economics of Santa Claus

    by November 28, 2025
    November 28, 2025

    A satirical essay from a 1978 classroom, speculating about what it would cost to become Santa.

  • World News

    Warren Harding: A Sinner in the Hands of Angry Progressives

    by November 27, 2025
    November 27, 2025

    Warren Harding provides a case for how lies and myths—in the name of the truth—can be centralized and become the dominant narrative for generations, shaping views on policy.

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