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 Eric Lichtblau, New York Times. Moderated by Timothy Lynch, Cato Institute.
In the aftermath of 9/11, President Bush declared that the struggle against terrorism would be nothing less than a war-a new kind of war that would require new tactics, new government powers, and a new mindset. In a new book, Bush’s Law, Eric Lichtblau argues that counterterrorism officials at the Federal Bureau of Investigation, the National Security Agency, and the Central Intelligence Agency were asked to play roles they had never played before. To facilitate these new roles, legal restrictions were set aside, or disregarded, as administration officials sanctioned new intelligence and law enforcement programs. As a reporter for the New York Times, Lichtblau helped to break the story on the NSA’s warrantless wiretapping program, for which he was later awarded the 2006 Pulitzer Prize for national reporting.