President Trump’s new “Compact with Academia” aims to reshape higher ed using the leverage of federal funds. Our panel unpacks the constitutional risks of Washington’s latest salvo in the campus culture wars. Plus, shutdown week two: will the administration deliver on federal job cuts or is it Grim Reaper cosplay?

Featuring:Ryan Bourne, Gene Healy, Neal McCluskey and Adam Michel

Neal McCluskey, "Higher Ed Compact Is More of the Same, Worse," Cato at Liberty blog, October 7, 2025.

Adam Michel, "Six Reasons to Not Extend the Enhanced Obamacare Subsidies," Cato at Liberty blog, October 7, 2025.

Neal McCluskey, "Court Rightly Finds for Harvard Against Trump Administration," Cato at Liberty blog, September 4, 2025.

Dominik Lett, "Revoking IEEPA Tariffs Will Not “Lead to Financial Ruin,”" Cato at Liberty blog, October 3, 2025.

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Robby Soave, senior editor at Reason and co-host of The Hill's Rising, join's Cato's Thomas A. Berry and David Inserra to discuss the state of free speech following the Charlie Kirk assassination and Jimmy Kimmel suspension. They examine how recent administrations have engaged in government jawboning to suppress speech and conclude that consistent First Amendment principles must prevail regardless of which party controls government power.

Show Notes:

https://www.cato.org/blog/kimmel-cancellation-dangerous-sign-free-speech

https://www.cato.org/blog/americans-must-remain-committed-free-expression-after-assassination-charlie-kirk

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The federal government shuts down as the Supreme Court returns. Our panel looks at the Trump team’s plan to use the shutdown for mass layoffs —and previews a new Supreme Court term packed with big fights over tariffs, emergency powers, and the future of “independent” agencies.

Featuring: Ryan Bourne, Gene Healy, Thomas Berry, and Jeffrey Miron

Romina Boccia, "Thoughts About The Impending Government Shutdown," The Debt Dispatch, September 30, 2025.

Jeffrey Miron, "Some Libertarians Cheer When Government Shuts Down: Here's Why They Shouldn't," Vox, January 21, 2018.

Ryan Bourne, "The Libertarian Experiment That Isn't," Cato at Liberty blog, January 11, 2019.

Thomas A. Berry, Brent Skorup, and Charles Brandt, "Learning Resources v. Trump," Cato Amicus Brief, July 30, 2025.

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Will congressional inaction lead to a government shut down? Do shutdowns halt the government in its tracks, and if not, who decides what stays and what goes? What does it mean for President Trump -- or the rest of us?

Cato's VP for Government Affairs, Chad Davis, in conversation with Patrick Eddington, senior fellow in homeland security and civil liberties at the Cato Institute.

Correction: The 35-day shutdown in late 2018 into early 2019 was over Trump's demand for $5.7 billion in federal funds for a border wall. The shutdown over Dreamers was three days in January 2018.

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FCC chair Brendan Carr’s “easy way or hard way” threat to TV broadcasters lit a censorship firestorm this week. Our Cato panel digs into the government's jawboning, broadcast licensees' “junior-varsity” First Amendment rights, and whether it’s time to scrap the FCC altogether. Plus, the latest on AI regulation and the art of the TikTok deal.

Featuring Gene Healy, Ryan Bourne, Brent Skorup and Jennifer Huddleston

Brent Skorup, "Jimmy Kimmel, the FCC, and Why Broadcasters Still Have “Junior Varsity” First Amendment Rights," September 19, 2025.

Ilya Somin, "Abolish the FCC," September 18, 2025.

David Inserra and John Samples, "Kimmel Cancellation a Dangerous Sign for Free Speech," September 24, 202

Jennifer Huddelston, "Trump’s TikTok Reprieve Won’t Fix the Law’s Free Speech Problems," February 3, 2025.

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Are Americans becoming dangerously tolerant of political violence? After Charlie Kirk’s assassination, our Cato panel looks at trends in public opinion, past episodes of political terrorism, and new risks to free expression. Plus, Milei’s electoral setback in Buenos Aires province—what now for Argentina's libertarian experiment?

Alex Nowrasteh, "Politically Motivated Violence Is Rare in the United States," September 11, 2025.

Emily Ekins, "The State of Free Speech and Tolerance in America," October 2017 Survey Report.

YouGov, "What Americans really think about political violence," September 12, 2025.

Ian Vasquez, "Deregulation in Argentina." Spring 2025.

Lorenzo Bernaldo de Quirós, "Argentine President Milei Should Let the Peso Float," September 17, 2025.

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This week, Congress returns to looming shutdowns and a “pocket-rescission” power grab. Abroad, President Trump pushes “America First” by rebranding the Pentagon as the Department of War—and launching an airstrike on a Venezuelan cartel boat. Our panel asks what all this says about America’s fiscal sanity and its foreign-policy compass.

Featuring Ryan Bourne, Gene Healy, Adam Michel, & Brandan Buck

Adam N. Michel and Dominik Lett, “Reconciliation 2.0: Fix or Fiasco?,” Cato at Liberty (September 3, 2025)

Romina Boccia and [co-author unspecified], “Coming Budget Debates and How Congress Should Navigate Them,” Cato at Liberty (September 2025)

Brandan P. Buck, “The Lost Liberalism of America First,” Free Society (June 30, 2025)

Brandan P. Buck, “The Cognitive Shift: How the Terrorist Label May Lead to Another Forever War,” Cato at Liberty (March 19, 2025)

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Norbert Michel and Dominic Lett square off over whether fiscal or monetary policy is the bigger mess. Lett highlights how entitlement programs like Social Security and Medicare are driving unsustainable debt levels, while Michel explains how post-2008 Federal Reserve changes have created risks of “fiscal dominance,” where monetary policy is increasingly shaped by government borrowing needs. Both stress that without structural reforms and political restraint, the U.S. faces uncertain and potentially catastrophic economic consequences.

Show Notes:

https://www.cato.org/policy-analysis/comprehensive-evaluation-policy-rate-feedback-rules#

https://www.cato.org/books/crushing-capitalism

https://www.cato.org/blog/medicaid-driving-deficits-republicans-are-scarcely-tapping-brakes

https://www.cato.org/news-releases/senate-bill-could-increase-debt-6-trillion-cato-analysis#

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