The CATO institute is full bore libertarian, btw. I used to think they were okay about 25 years ago.
The Cato Institute’s website states, “The mission of the Cato Institute is to originate, disseminate, and increase understanding of public policies based on the principles of individual liberty, limited government, free markets, and peace.”
The Cato Institute officially resists being labeled as part of the conservative movement because “’conservative’ smacks of an unwillingness to change, of a desire to preserve the status quo”.