Cato Institute

New Age of Philanthropy: How Billionaires Are Giving Back

Today's philanthropists are increasingly uncomfortable with the "write-a-check-and-forget-about-it" model. From Bill Gates to Philip Berber, they are taking a more active role in the way their money is given and the ways in which it is spent.

Should the Fed Worry About Unemployment?

When the economic gurus at the Fed move the levers of U.S. monetary policy, they do so with two often-conflicting goals in mind: promoting maximum employment and keeping prices stable. Many critics are now arguing that that Fed should ignore unemployment and focus solely on prices.

Obama's Deficit Commission Is Short on Funding

Sounds like a joke, but, no, it's just politics: President Obama's National Commission on Fiscal Responsibility and Reform, which is tasked with developing a plan to get the deficit under control, is itself being starved of the funds it would need to operate effectively.