The Cato Institute

The Cato Institute is a non-profit public policy research foundation headquartered in Washington, D.C. The Institute is named for Cato's Letters, a series of libertarian pamphlets that helped lay the philosophical foundation for the American Revolution.

The Cato Institute seeks to broaden the parameters of public policy debate to allow consideration of the traditional American principles of limited government, individual liberty, free markets and peace. Toward that goal, the Institute strives to achieve greater involvement of the intelligent, concerned lay public in questions of policy and the proper role of government.

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Fri Sep 25

From Discretion to Futures Targeting, One Step at a Time

I agree with Professor Hamilton’s argument that monetary policy was not the primary cause of the housing bubble, so I will focus on the futures targeting idea. I think it will help if we separate out…