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 Alex Nowrasteh, Cato Institute; Shikha Dalmia, Reason Foundation; Stuart Anderson, National Foundation for American Policy; and John Tyler, Kauffman Foundation; moderated by Kelly William Cobb, Senior Director of External Affairs, Cato Institute.
What impact has immigration had on the U.S. economy over these last few decades? How will immigration reform change the economy for native-born Americans? These vital questions must be answered so that immigration reform produces a good outcome for Americans. With few exceptions, immigrants expand the size of the economic pie by creating businesses and expanding the scope and quantity of economic production—with mostly positive affects on Americans. To understand this complex phenomenon, different types of immigrants—those who are higher skilled and those who are lower skilled—and their various impacts on the American economy will be examined in detail.