Featuring Dov S. Zakheim, Senior Advisor, Center for Strategic and International Studies; Mackenzie Eaglen, Resident Fellow at the Marilyn Ware Center for Security Studies, American Enterprise Institute; Todd Harrison, Senior Fellow, Defense Budget Studies, Center for Strategic and Budgetary Assessments; and Christopher A. Preble, Vice President for Defense and Foreign Policy Studies, Cato Institute; moderated by Kate Brannen, Senior Reporter, Foreign Policy.
In the new issue of Regulation, economist Pierre Lemieux argues that the recent oil price decline is at least partly the result of increased supply from the extraction of shale oil. The increased supply allows the economy to produce more goods, which benefits some people, if not all of them. Thus, contrary to some commentary in the press, cheaper oil prices cannot harm the economy as a whole.
Two long wars, chronic deficits, the financial crisis, the costly drug war, the growth of executive power under Presidents Bush and Obama, and the revelations about NSA abuses, have given rise to a growing libertarian movement in our country – with a greater focus on individual liberty and less government power. David Boaz’s newly released The Libertarian Mind is a comprehensive guide to the history, philosophy, and growth of the libertarian movement, with incisive analyses of today’s most pressing issues and policies.
Featuring the authors Kevin Dowd, Pensions Institute, Cass Business School, City University London; and Martin Hutchinson, The Bear’s Lair; with comments by Anthony Sanders, George Mason University; moderated by Mark Calabria, Director, Financial Regulation Studies, Cato Institute.
Disasters are generally caused by bad ideas. There was the theory that government should guarantee housing loans and that the Federal Reserve could inflate our way to prosperity. There were the regulators, who thought risk could be eliminated by 1,000-page rulebooks. And there were the academics, who thought capitalism with massive debt and “scientific management” control was just as good as the real thing. In Alchemists of Loss, authors Kevin Dowd and Martin Hutchinson take each to task and show how all combined in bringing our financial markets to the brink.