Cato Podcast

Nearly 60% of housing markets in the United States have been characterized as “unaffordable.” Cato's Ryan Bourne talks with Howard Husock of the American Enterprise Institute about why rent freezes, vouchers, and government run housing tend to make the problem worse, using New York City as a cautionary case study. They lay out what actually works instead: zoning reform, faster permitting, and more small multifamily housing. Hosted on Acast. See acast.com/privacy for more information.

Earlier this year the Supreme Court ruled that the president could not use the "International Emergency Economic Powers Act" (IEEPA) to impose tariffs and the administration immediately turned to other legal mechanisms to assert that power.Laura Bondank-Harmon interviews Clark Neily and Ilya Somin to unpack the legal battles over Trump’s tariffs, the statutes the administration is now invoking, and the constitutional limits on the president’s power to tax. Hosted on Acast. See acast.com/privacy for more information.

Most rich countries that tried annual wealth taxes eventually scrapped them, but now California and Elizabeth Warren want to run the experiment in the United States. Ryan Bourne talks with Adam Michel about how a “modest” 3 percent levy can swallow 60 percent of an asset’s 5 percent return—and leave workers footing much of the bill. Hosted on Acast. See acast.com/privacy for more information.

The conflict with Iran is simultaneously ending and escalating, and Justin Logan says that's no accident. He tells the Cato Institute's Laura Bondank-Harmon why the strategic case never existed, even as the death toll, price tag, and oil prices keep climbing. Hosted on Acast. See acast.com/privacy for more information.

Artificial intelligence could transform productivity, employment, and living standards. But does that mean governments should “act now” to “steer” the technology? Economist John Cochrane joins Cato’s Ryan Bourne to explain why he thinks a prominent economists’ letter gets the problem wrong, whether fears of mass job loss are justified, and how speculation about AI’s potential is already shaping public policy. Hosted on Acast. See acast.com/privacy for more information.

Medicare spent $1.2 trillion in 2025 and still can't show it's saving lives. The Cato Institute's Laura Bondank-Harmon is joined by Michael Cannon and David Hyman to mark the program's 60th anniversary, explaining how it broke health care pricing and why "Medicare for All" would only make it worse. Hosted on Acast. See acast.com/privacy for more information.

Prediction-market pioneer Robin Hanson joins Cato's Ryan Bourne to explain this new industry's promise, how betting can improve decision-making, and whether we should worry about insider trading, manipulation, and sabotage as these markets proliferate. Hosted on Acast. See acast.com/privacy for more information.

Financial surveillance in America is expanding. In this episode, host Nicholas Anthony sits down with Representative Warren Davidson to discuss the growing reach of the Bank Secrecy Act, and why it’s time to scale back the surveillance of law-abiding Americans. Hosted on Acast. See acast.com/privacy for more information.

Parents in many parts of the country face eye-watering childcare bills, yet providers often operate on thin margins and workers remain modestly paid. Cato's Chelsea Follett joins Ryan Bourne to discuss the economics behind America’s childcare crunch, the regressive regulations that make care scarcer, and the supply-side reforms that could give families more affordable options. Hosted on Acast. See acast.com/privacy for more information.

Trump's executive order tested the limits of the 14th Amendment and lost, 6-3. Cato's Laura Bondank-Harmon is joined by David Bier and Tommy Berry to understand why, and how the ruling fits into an immigration agenda that's closing legal pathways even as it loses in court. Hosted on Acast. See acast.com/privacy for more information.

Americans know the Declaration’s soaring opening case for natural rights and government by consent. Fewer remember its long list of “injuries and usurpations” against King George III. Cato’s Tommy Berry joins Ryan Bourne to discuss Cato's new book - A History of Repeated Injuries—and whether modern governments have revived threats to liberty that the Declaration denounces, from taxes and juries to immigration and executive power. Hosted on Acast. See acast.com/privacy for more information.

Golf courses and factories use just as much water and electricity as data centers, yet only the latter draws local protests and construction bans. Cato's Rikki Schlott sits down with Travis Fisher and Jennifer Huddleston to make the case for energy abundance and technological advancement over fearmongering and warn that moratoriums could hand China the AI edge. Hosted on Acast. See acast.com/privacy for more information.

60% of Americans say their rights and freedoms are at risk. Yet nearly two thirds still call America the land of opportunity and three quarters believe the American dream is personally achievable. Cato's Stephen Rowe and Emily Ekins dig into Cato's new survey on what Americans really think at 250 years. Hosted on Acast. See acast.com/privacy for more information.

Republicans and Democrats are finding rare common ground: taxing AI. But should they? Cato's Adam Michel and Daniel Bunn of the Tax Foundation dismantle the three biggest arguments around the idea: showing why the data doesn't support the claims that AI is replacing workers, labor is losing out to capital, or the tax code unfairly favors automation. Hosted on Acast. See acast.com/privacy for more information.

Abundance liberals want a politics focused on delivering more homes, energy projects, infrastructure, and innovation, and will even countenance deregulation to achieve it. Cato’s Ryan Bourne talks to Ilya Somin and Jeremiah Johnson about whether libertarians should ally with this movement—or whether shared ground on housing, permitting, trade, and immigration masks irreconcilable disagreements over the role and size of government. Ilya Somin, "Two Cheers for Abundance Liberalism," The Volokh Conspiracy, April 23, 2026.Matt Yglesias, "What Libertarians Get Wrong About Freedom," The Argument, May 20, 2026.Ilya Somin, "Matt Yglesias on Libertarianism, Abundance Liberalism, and a Possible Alliance Between the Two," The Volokh Conspiracy, May 20, 2026.David Friedman, "Libertarians and Abundance Liberals," David Friedman’s Substack, May 28, 2026.Ryan Bourne, "One and a Half Cheers for Supply-Side Progressivism," The War on Prices, September 16, 2022. Hosted on Acast. See acast.com/privacy for more information.

Before 1776, the world was largely run by monarchies and despots. The Declaration changed that. Cato's Paul Meany and Tommy Berry explore why its principles remain relevant, why 53% of Americans can't explain it, and why it’s still the best tool we have for checking concentrated power Hosted on Acast. See acast.com/privacy for more information.

A new Global Justice Report associated with Thomas Piketty urges near-zero growth for rich countries, sweeping redistribution, global wealth taxes, shorter working hours, and rapid decarbonization. Cato’s Ryan Bourne talks to Marian Tupy about what degrowth gets wrong—and why its promise of justice masks a dangerous agenda of government control. Hosted on Acast. See acast.com/privacy for more information.

Social Security crowds out private savings, the tax code penalizes investment, and Trump accounts can leave families worse off than a plain brokerage account. Cato's Romina Boccia and Adam Michel break down what's wrong with Trump accounts and why universal savings accounts are the fix. Hosted on Acast. See acast.com/privacy for more information.

Ticket prices, scalpers, tourists, visas, turf, trade, and politics: the 2026 FIFA World Cup is a rich case study for economists. Cato’s Ryan Bourne talks with AEI’s Stan Veuger about why match prices are so high, why hosting the tournament rarely delivers an economic boom, how soccer became an exemplar of globalization, and what FIFA teaches us about the benefits and risks of global governance. Hosted on Acast. See acast.com/privacy for more information.

The Anti-Weaponization Fund started as a $10 billion lawsuit Trump filed against the IRS in his personal capacity and ended as a $1.776 billion slush fund with no appeals, no transparency, and a tax immunity addendum that looks a lot like a self-pardon. Tad DeHaven and Daniel Greenberg join Molly Nixon to unpack what happened and why it should alarm everyone. Hosted on Acast. See acast.com/privacy for more information.

Kidneys, surrogacy, prostitution, gambling, price gouging, assisted dying: some transactions make people recoil, even when all parties consent. Cato's Ryan Bourne talks with Nobel Prize-winning economist Alvin Roth about his new book, Moral Economics, what makes markets “repugnant,” what economists can add to moral debates, and why banning exchange rarely makes scarcity, exploitation, or hard trade-offs disappear. Hosted on Acast. See acast.com/privacy for more information.

Most Americans can recite the Declaration's second paragraph. Far fewer understand what it really means. Paul Meany sits down with Timothy Sandefur to dig into his new book Proclaiming Liberty to recover the Declaration as a scientifically grounded, universally applicable claim about human nature, not just a founding myth. Hosted on Acast. See acast.com/privacy for more information.

The Supreme Court's Callais decision signals that drawing districts with race in mind is now legally hazardous, whether the goal is minority representation or not. Cato's Thomas A. Berry and Walter Olson unpack the ruling, the collision between the 14th and 15th Amendments, and why a simple compactness rule could solve most of this if Congress had the will. Hosted on Acast. See acast.com/privacy for more information.

The third party doctrine has gutted the Fourth Amendment in the digital age, letting the government collect your data without ever getting a warrant. Cato's Nick Anthony and Naomi Brockwell of the Ludlow Institute discuss a new bill that would change that, and what you can do to protect yourself today. Hosted on Acast. See acast.com/privacy for more information.

California’s $20 fast-food minimum wage cut employment by roughly 18,000 jobs and pushed up restaurant prices. Cato’s Ryan Bourne talks to UC San Diego economist Jeff Clemens about California’s wage-floor experiment—and the broader lessons for state and federal minimum wage policy. Hosted on Acast. See acast.com/privacy for more information.

The US-China summit produced few deliverables and no breakthroughs on Taiwan, Iran, or trade. Cato's Clark Packard and Evan Sankey break down what was actually agreed, why rare earths and semiconductors have created a strategic stalemate, and what the US should do before Xi comes to Washington. Hosted on Acast. See acast.com/privacy for more information.

Asylum entries are down 99.9%. Student visas, family visas, and H-1B applications have all cratered. Ryan Bourne is joined by Cato's David Bier to examine how President Trump's executive actions have blocked far more legal immigrants than illegal ones, and why the president's stated support for legal immigration doesn't match his policy record. Hosted on Acast. See acast.com/privacy for more information.

Section 122 of the Trade Act of 1974 sat dormant for 50 years for good reason. Cato's Clark Packard and Alfredo Carrillo Obregon break down why courts keep rejecting the administration's tariff theories and what the looming Section 301 investigations mean for American importers. Hosted on Acast. See acast.com/privacy for more information.

Federal farm subsidies have kept growing from occasional disaster relief into a sprawling system of commodity supports, crop insurance, sugar protection, and bailouts. With the backdrop of the Farm Bill, Cato’s Ryan Bourne, Chris Edwards, and Clark Packard discuss who really benefits, why reform never sticks, and how tariffs hurt farmers that Congress then subsidize. Hosted on Acast. See acast.com/privacy for more information.

People call methadone a life sentence, a ball and chain. Cato's Dr. Jeffrey Singer talks with Helen Redmond, author of "Liquid Handcuffs," about how a Nixon-era crime control program became America's dominant addiction treatment model, and why it needs to be abolished. Hosted on Acast. See acast.com/privacy for more information.

The United States has left the World Health Organization, but infectious diseases remain one of the clearest cases for cross-border cooperation. Cato’s Ryan Bourne is joined by Roger Bate of the International Center for Law & Economics to discuss how the WHO suffered from damaging mission creep, why it failed so badly during Covid, and what a narrower, more accountable global health institution might look like. Hosted on Acast. See acast.com/privacy for more information.

The War Powers Resolution allows the president up to 60 days of defensive latitude in introducing U.S. forces into hostilities; it is not a blank check for open-ended war. Cato's Molly Nixon and Katherine Thompson examine what the law actually says, how Trump's strikes on Iran test its limits, and whether the looming 60-day deadline could force Congress to act. Hosted on Acast. See acast.com/privacy for more information.

For 18 years, the NSA has collected Americans' communications under FISA Section 702 with no probable cause warrant required. Cato's Patrick Eddington and Maria Sofia break down the latest reauthorization fight and what genuine reform would look like. Hosted on Acast. See acast.com/privacy for more information.

Consumer prices are up 28% in six years and inflation is accelerating again. Cato's Ryan Bourne, Jai Kedia, Colin Grabow, and Stephen Slivinski unpack Cato's new Handbook on Affordability and the macroeconomic and supply-side reforms that could actually help. Hosted on Acast. See acast.com/privacy for more information.

The top 10% pays 60% of all federal taxes, the bottom 20% pays effectively nothing, and last year's tax cuts added new complexity. Cato's Chris Edwards and Adam Michel unpack the numbers and make the case for real reform. Hosted on Acast. See acast.com/privacy for more information.

Vice President JD Vance traveled to Hungary this week to campaign for Prime Minister Viktor Orbán, hailing him as a defender of Western civilization. Cato's Ryan Bourne sits down with Johan Norberg to discuss Orbán’s actual record in government: weakened checks and balances, crony capitalism, and social policies that have fallen short of Orbán’s ambitions. Hosted on Acast. See acast.com/privacy for more information.

Trump's executive order challenges 150 years of birthright citizenship law, hinging on four words in the 14th Amendment. The Cato Institute's Tommy Berry, Dan Greenberg, and David Bier unpack the constitutional stakes and what the justices signaled at oral arguments. Hosted on Acast. See acast.com/privacy for more information.

Steve Davies’s new book, The Great Realignment, argues that the key political divide of the past century — markets versus state control — is being displaced by a new aligning issue: nationalism, sovereignty, and collective identity versus cosmopolitanism and globalism. Cato’s Ryan Bourne talks with Davies about why today’s biggest political fights seem less about tax and spending and more about borders, culture, and who governs, how these non-economic conflicts still have deep economic roots, and what this new alignment persisting would mean for libertarians and economic policy. Hosted on Acast. See acast.com/privacy for more information.

TSA agents are staying home; airport lines are hours long, and Congress still cannot agree on a DHS funding bill. The Cato Institute's Pat Eddington and Chris Edwards say this is a consequence of tying aviation security to the federal budget; a mistake other high-income countries do not make. With high failure rates in covert screening tests and a long trail of civil liberties abuses including secret watchlist criteria and a mass domestic passenger surveillance program, the case for privatizing airport security is stronger than ever. Hosted on Acast. See acast.com/privacy for more information.

Massachusetts is weighing a ballot initiative that would cap rent increases at the rate of inflation with no vacancy decontrol, one of the most stringent rent control regimes proposed in the country. Cato's Ryan Bourne and Jeff Miron walk through why economists are nearly unanimous in opposing rent control: it shrinks rental supply, degrades housing quality, and tends to benefit longer-term, higher-income tenants rather than the low-income renters it claims to help. As Cambridge's own history shows, the policy doesn't just fail to solve the affordability problem; it actively makes it worse.We want to hear from you! Please share your thoughts in a 3-minute anonymous survey to help us refine our programming at Cato.org/PodcastSurvey. Hosted on Acast. See acast.com/privacy for more information.

In Newport Beach and along California's state beaches, government-created monopolies have effectively banned independent surf instructors from earning a living, with one instructor fined $40,000 after an undercover sting operation. Stephen Slivinski, Caleb Trotter of Pacific Legal Foundation, and Cato's Tommy Berry explore why First Amendment claims may be the sharpest tool available for fighting back against occupational protectionism. If these cases succeed, the precedent could crack open economic liberty litigation far beyond California's coastline.We want to hear from you! Please share your thoughts in a 3-minute anonymous survey to help us refine our programming at Cato.org/PodcastSurvey. Hosted on Acast. See acast.com/privacy for more information.

Cato’s new media fellow, Rikki Schlott, joins Ryan Bourne to talk Gen Z: how social media shaped them, why online life has made young people both more anxious and more persuadable, and how the socialist left and the alt-right have each found fertile ground. They discuss the strange incentives of the attention economy, what Mamdani and other online political entrepreneurs get right, and whether libertarian ideas can be made to resonate with a generation raised on algorithms.We want to hear from you! Please share your thoughts in a 3-minute anonymous survey to help us refine our programming at Cato.org/PodcastSurvey. Hosted on Acast. See acast.com/privacy for more information.

A 30-day DHS shutdown hasn't slowed ICE or Border Patrol, because nearly $170 billion in One Big Beautiful Bill funding keeps them running with minimal transparency and almost no congressional oversight. Cato's Dominik Lett and David Bier break down how the shutdown exposes a deeper dysfunction: both parties have turned spending into a ratchet, growing the government they want while refusing to review what the other side built. The appropriations process isn't just broken; Congress has quietly agreed to stop fixing it. Hosted on Acast. See acast.com/privacy for more information.

AI policy discussions increasingly hinge on control: who sets the terms for how AI can be used, what it can say, and who gets access. Cato's Ryan Bourne hosts Jennifer Huddleston, Senior Fellow in Technology Policy, to discuss the federal government’s escalating dispute with Anthropic, New York’s proposal to police chatbot advice, and the public fears making restrictive AI policy more politically attractive. Hosted on Acast. See acast.com/privacy for more information.

Beyond the immediate crisis, the conversation explores the unintended consequences of military escalation in the Middle East and the limits of U.S. policy responses once global energy flows are disrupted. Cato's Evan Sankey and Colin Grabow examine how great-power politics, alliance commitments, and domestic economic pressures will shape the administration’s next moves as the conflict unfolds. Hosted on Acast. See acast.com/privacy for more information.

The push for new federal databases and legislation like the SAVE Act is often justified as necessary to stop widespread unlawful voting. But according to election administrators and investigators, confirmed cases are vanishingly rare. Cato's Walter Olson and Stephen Richer explore how voter roll audits actually work, why database matching can produce misleading headlines, and what the evidence reveals about the scale of the problem. Hosted on Acast. See acast.com/privacy for more information.

As the White House signals openness to escalation and murky and conflicting objectives, uncertainty clouds both the legal basis and strategic endgame of U.S. involvement in Iran. The Cato Institute's Justin Logan, Thomas Berry, and Brandan P. Buck examine the constitutional and political questions surrounding the U.S. war on Iran. They explore whether the president has legal authority to initiate hostilities without congressional approval, why President Trump launched the war and how it might end, and why Congress struggles to reclaim its war-making authority. Hosted on Acast. See acast.com/privacy for more information.

President Trump’s State of the Union on Tuesday was a full-throated victory lap: America is supposedly “bigger, better, richer and stronger than ever.” Cato’s Ryan Bourne, Clark Neily, and Evan Sankey separate truth from exaggeration—testing the economic claims, unpacking the legal fight over tariff power, and decoding the foreign-policy moves behind the applause lines. Hosted on Acast. See acast.com/privacy for more information.

Cato’s Katherine Thompson sits down with Matt Duss of the Center for International Policy to examine the persistent conflict between Congress and the presidency over war powers. From potential military action against Iran to past debates over Yemen and Venezuela, they explore how successive administrations have expanded executive authority and why Congress has struggled to reclaim its constitutional role. Hosted on Acast. See acast.com/privacy for more information.

Ryan Bourne sits down with Cato’s Adam Michel to unpack what the 2026 tax year will bring, including new provisions commonly described as “no tax on tips” and “no tax on overtime." They also explore the economics of California's billionaire tax ballot initiative, and whether Trump Accounts are a good savings vehicle.  Hosted on Acast. See acast.com/privacy for more information.