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 Malou Innocent, Foreign Policy Analyst, Cato Institute, and co-author of “Escaping the ‘Graveyard of Empires’: A Strategy to Exit Afghanistan”; and Ted Galen Carpenter, Vice President for Defense and Foreign Policy Studies, Cato Institute, and co-author of “Escaping the ‘Graveyard of Empires’: A Strategy to Exit Afghanistan.”
Nearly eight years after the fall of the Taliban regime, Afghanistan struggles under the most brutal circumstances: corrupt and ineffective state institutions, thousands of miles of unguarded borders pervasive illiteracy and poverty, and a dysfunctional international alliance attempting to provide security for the country. Can “nation building” in the midst of a bloody insurgency succeed? What constitutes “success,” and what price should we be willing to pay for it? Does the United States have a compelling strategic rationale for remaining in Afghanistan?