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 author, Senator Chuck Hagel (R-NE), with an introduction by Edward H. Crane, President, Cato Institute.
In his two terms in the U.S. Senate, Chuck Hagel has distinguished himself as one of our nation’s most outspoken and thoughtful political leaders. Unafraid to challenge the policies of his own party, Senator Hagel has drawn praise and admiration from across the ideological spectrum by expressing grave concerns about the war in Iraq. In America: Our Next Chapter: Tough Questions, Straight Answers, Senator Hagel sets forth his vision for a humbler U.S. foreign policy guided by international diplomacy and free trade. He also addresses key domestic policy issues by calling for a significant reduction in the size of the federal government, demanding more fiscal responsibility in Washington, and supporting reforms to reduce the spiraling costs of entitlement programs. Please join Senator Hagel for a discussion of his new book, with introductory comments by Cato Institute president Edward H. Crane.