Welcome, this is Anastasia Yuglova for Cato Daily Podcast, Friday June 15.

America's founding generation created a new kind of nation,

based on individual sovereignty, limited government, free commerce, and peace.

In 2006, Cato continued to be a critical voice in a struggle to protect and advance these values,

putting forward timely and practical policy proposals centered on our nation's first principles.

In conjunction with the release of Cato's 2006 annual report,

Executive Vice President David Bose takes stock of the past year at the Cato Institute

in this podcast.

It's been 30 years since the Cato Institute opened its door. in this what's different in the world after 30 years?

30 years ago, half the world was communist.

And in Washington, Jimmy Carter and Tip O'Neill were running things.

And we had 70% income tax rates,

and we had gas lines and energy czars.

And I think a lot of times libertarians think, oh things are always getting worse.

But when you stop and think, communism, apartheid, tip O'Neill, energy lines, not everything's been getting worse.

Some things have been getting better and maybe that's because some of the work Cato's done

and maybe it's other things too.

Some of the things that are new for Cato recently include in 2006 we started

making some new innovations in the field of delivering our message. We started our

blog which is rapid response to changing events.

We started podcasts which are also a rapid response form of communication and they work for

people who don't have time to read. So both of these things are part of

...