Shortly before 3 p.m. today, the men and women of the Cato Institute strolled into the renovated Friedrich von Hayek Auditorium to confirm their good news. Five days earlier, the Washington Post broke news of a settlement between David Koch, Charles Koch, and America?s largest, longest-lived libertarian think tank. Ed Crane, 68, Cato?s president since its 1977 genesis in San Francisco, would step down. His replacement would be John Allison, 64, a banker who?d endowed college courses on the work of Ayn Rand.
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