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.
Director of Health and Welfare Studies, Cato Institute
With President Bush’s call for comprehensive Social Security reform bogged down in the morass of partisan politics, many reform advocates have suggested smaller steps to get the process started. Recently, leading reformers in both the House and Senate have proposed legislation to rebate Social Security surpluses to workers in the form of contributions to personal accounts. The House is reportedly considering voting on a measure as early as this month. Michael Tanner, director of the Cato Institute’s Project on Social Security Choice, will examine the leading proposals, including S. 1302, the Stop the Raid on Social Security Act of 2005, and H.R. 3304, known as GROW for Growing Real Ownership for Workers. Tanner will discuss how these plans would impact workers, the federal budget, and the ongoing effort for larger reforms.