"There is no institution that has been even close to the Cato Institute in advancing the fundamental principles of liberty. There are a handful of people who have really made a difference: Friedrich Hayek, Milton Friedman and Ronald Reagan -and I always include Ed Crane and José Piñera on the list. Two hundred years from now, those will be the people that we will be talking about, like we talk about Madison and Jefferson today”.

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Fred Smith, founder and CEO of FedEx (Cato's Letter, number 4, volume 4, Fall 2006)