When Cato Institute co-founder Ed Crane offered me a job in 2003, he acknowledged that the salary potion of the offer was arguably below market. At the same time, Crane’s boundless belief in the importance of Cato’s mission rendered him less likely to accept “no” from prospective employees.
In which case Crane reminded me of the certain “psychic income” that would come with employment at Cato. Fascinated by policy and the libertarian approach to policy as I was, lower pay would be mitigated by a brilliant atmosphere defined by really smart people. Even better, I would get to talk policy regularly with Cato’s wildly successful donors.
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