Cato, Kochs Settle Dispute Over Cato Control

[angelatc]

http://www.washingtontimes.com/blog/watercooler/2012/jun/24/catos-president-forced-step-down/

The Cato Institute's co-founder and president, Edward Crane, has been forced out by the libertarian organization’s board of directors, according to inside sources. John A. Allison, former chairman and CEO of BB&T Corporation, will take over as interim presiden

Hurray! A banker on the board of The Cato Institute. That's just what the beltway Libertarians need.

[liberdom]

Former, you don't believe in forgiveness?

[angelatc]

Former, you don't believe in forgiveness?

Once a moron, always a moron.

[GeorgiaAvenger]

Once a moron, always a moron.

How are bankers morons?

He should be perfectly capable of handling the job, though I know little about him.

[GeorgiaAvenger]

CATO is simply outstanding if you comb through their numerous sites, with articles, policy analysis and proposals, etc. Its the haven for libertarian intellectuals.

[realtonygoodwin]

What does this mean as far as the whole purity vs pragmatic aspect?

[jj-]

http://www.washingtontimes.com/blog/watercooler/2012/jun/24/catos-president-forced-step-down/



Hurray! A banker on the board of The Cato Institute. That's just what the beltway Libertarians need.

Sorry, but this is not any banker. Please research him a bit. I wish he was permanent President, not temporary.

[phill4paul]

Nothing at all to do with this..

http://www.cato.org/police-tactics-misconduct

[axiomata]

Sorry, but this is not any banker. Please research him a bit. I wish he was permanent President, not temporary.

Collectivism is bad.

[realtonygoodwin]

What does this mean as far as the whole purity vs pragmatic aspect?

Anyone?

[TonySutton]

BB&T was the only bank I have ever used where I felt like they cared more about their customers than their business. They owned the mortgage on my first house and did not sell it away to someone else. They treated me fairly the entire time I banked with them. The only reason I left them was because I moved away from the area they service.

[emazur]

Hold on there - John Allison is great. He supports ending the Fed. Here he is just on Cavuto just 4 months ago saying this:
http://video.foxbusiness.com/v/14394...ederal-reserve
Here he is again in January:
http://www.dailypaul.com/207556/this...n-kill-the-fed

Q: In the long term, what do you think should be done with the Fed?

A: If I were in charge, I would get rid of the Fed. I believe that as long as the Fed exists, Congress can effectively print money. And it doesn't matter whether they are Democrats or Republicans, they would rather print money than tax people. They want to spend because that effectively buys votes, and they don't want to tax people because that loses votes.

I think the Fed provides the temptation for massive government deficits. If the federal government couldn't print money, it would have to have better financial discipline than it has today.

And again:
http://www.cato.org/pubs/catosletter...etterv10n1.pdf

So what should
we do? I’m for getting
rid of the Fed.
As long as it exists,
the temptation for
Congress to borrow
us into economic
chaos will
be there. Congress
will never discipline
itself if the Fed can print
money. We need a private banking
system with a gold standard.

Allison, being an Objectivist, probably agrees w/ everything Ron Paul except foreign policy (though CATO on the whole is very good on non-interventionism)

[emazur]

Another reason not to automatically damn all bankers - Peter Schiff is also now a banker - he opened up I think last year Euro Pacific Bank and introduced a gold-backed credit card (regulations prevent U.S. residents from opening up an account):
http://www.europacbank.com

[GeorgiaAvenger]

Another reason not to automatically damn all bankers - Peter Schiff is also now a banker - he opened up I think last year Euro Pacific Bank and introduced a gold-backed credit card (regulations prevent U.S. residents from opening up an account):
http://www.europacbank.com

There is nothing wrong with bankers or banking. That myth seems to run rampant in this movement, and is very collectivist.

[GeorgiaAvenger]

More on Allison: http://www.radford.edu/NewsPub/Novem...104global.html



(other clips follow, click on link)

[TCE]

Anyone?

It's not like an interim President has control over everything. The same writers and editors are employed, so I would not expect much of a change. I would say a small lean toward purity, but again, we truly have no idea and are essentially guessing. He could be the biggest ideologue in the world, and in this case Allison is pretty good on his views, but he might support content that promotes a big tent or have a very hands-off managing style. So, in short, we have no clue.

[angelatc]

Well, I stand corrected then.

It's quite probable that he could end up as President then, isn't it? Lots of times interim positions are eventually filled by the person brought in temporarily.