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Replying, Cato vice president for research Brink Lindsey agreed that libertarians and liberals should view each other as natural ideological allies, and noted continuing differences between mainstream liberal views on economic policy and Cato's "Jeffersonian philosophy".
Cato has stated on its "About Cato" page: "The Jeffersonian philosophy that animates Cato's work has increasingly come to be called 'libertarianism' or 'market liberalism.' It combines an appreciation for entrepreneurship, the market process, and lower taxes with strict respect for civil liberties and skepticism about the benefits of both the welfare state and foreign military adventurism." The relationship between Cato and the Ayn Rand Institute (ARI) improved with the nomination of Cato's new president John A. He is a former ARI board member and is reported to be an "ardent devotee" of Rand who has promoted reading her books to colleges nationwide.
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The Institute moved to its current location on Massachusetts Avenue in 1993.
Cato Institute was named the fifth-ranked think tank in the world for 2009 in a study of think tanks by James G.
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