There are all sorts of wonderful things about this. First, we might ask, why are Ed Crane and the other Catoites resisting this takeover? If the Kochs can turn Cato out with their money, doesn't that show that the Invisible Hand has anointed them as Producers, and judged the Catoites to be Looters and Wreckers standing in the way of Capital? Hell, when the Kochs bought Wisconsin, I didn't see Cato complaining -- quite the contrary.
Also lovely: Watching the libertarians tiptoe around it. At Reason Matt Welch, clearly unsure which dick to suck, issues a terse bulletin and ducks. And, Jason Kuznicki?...
I can’t understand how people who are so smart in business can be so boneheaded when it comes to activism. It’s a painfully stupid decision. Even if it were innocent — which it’s not — it still looks horrible. It’s as if the Kochs set out to prove every last thing that progressives have ever said about them....thanks for the gift of laughter.
I'd prefer to see them all die screaming in a fire, but this will do for now.
UPDATE. Jane Mayer's perspective is useful. As is KeninNY's at Down With Tyranny.