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The 11th Circuit U.S. Court of Appeals on Friday found that the "individual mandate" section of the Patient Protection and Affordable Care Act, which requires all Americans to purchase health insurance by 2014 or face penalties, "exceeds Congress's enumerated commerce power and is unconstitutional." Comments Cato scholar Ilya Shapiro, "Today is a great day for liberty. [The] decision gives hope to those who believe that there are some things beyond the government's reach and that the judiciary cannot abdicate its duty to hold Congress's feet to the constitutional fire."
The Cato Institute is pleased to wish a Happy 40th Birthday to the Universidad Francisco Marroquín, in Guatemala, the world's only free market university. Businessman Manuel Francisco Ayau Cordon founded the school in 1971 to counter what he considered the "socialist instruction" being imparted at San Carlos University of Guatemala, the nation's largest institution of higher learning. Felicidades UFM!
Small Business Administration (SBA) supporters have cultivated a myth that being against the agency is equivalent to being against small businesses. In reality, the SBA's lending programs benefit a relatively tiny number of businesses at the expense of taxpayers and the vast majority of businesses that do not receive government support. In a new essay, Cato scholars Veronique de Rugy and Tad DeHaven argue that the SBA is an unneeded agency that should be terminated to reduce the deficit and end business favoritism.
Climate Coup
A first-rate team of experts offers compelling documentation on the pervasive influence global warming alarmism now has on almost every aspect of our society--from national defense, law, trade, and politics to health, education, and international development.
Schools for Misrule
This new book reveals how our nation's law schools have become a hatchery of bad ideas, many of which confer power and status on the schools' graduates and faculty, as law comes to pervade more areas of life.
The False Promise of Green Energy
Offers an outstanding, nearly unprecedented evaluation of claims by green energy and green jobs proponents that we can improve the economy and the environment, almost risk free, by spending billions of dollars on what are ultimately false promises.
Government Failure
Politicians often cite 'market failure' as justification for meddling with the economy, but this classic book shows how government 'cures' often cause more harm than good.