Word: catoe
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Personal savings accounts emerged as a Social Security component in academia as far back as the 1950s, but the idea remained dormant until the 1980s, when Ronald Reagan ignited a Republican revolution and the recently formed libertarian think tank the Cato Institute latched onto personal accounts as a free-market fix. Retirement savings, in the free marketeers' view, should be seen as dynamic investments rather than welfare-state safety nets. Indeed, the Cato economists and others concluded that Social Security just wasn't a good investment, based on what taxpayers put in and what they ultimately get out. The President...
...would have encouraged not just truckers but also cable installers and mail carriers, among others, to report suspicious behavior. But before the program could begin, it was buried in opposition from the left and the right. Americans did not want to become a "nation of snitches," as the libertarian Cato Institute...
Radley Balko, based in Alexandria, Va., is a policy analyst with the Cato Institute and a columnist for FoxNews.com...
This month de Soto became the second recipient of the Washington-based Cato Institute's $500,000 Milton Friedman Prize for Advancing Liberty. "Hernando sees strong entrepreneurs among the poor who make do in such horrible circumstances," says Cato's president, Edward Crane. "This is going to grow." And so, it's hoped, will the fortunes of those underground. --By Tim Padgett
Moore is well-known as the head of the Club For Growth—a group which funds conservative free market candidates in elections. He is also a fellow at the Cato Institute and a contributor to the conservative political journal, the National Review...