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, Carlos Alberto Montaner; with comments by Alvaro Vargas Llosa, Senior Fellow, Independent Institute. Moderated by Ian Vásquez, Director, Center for Global Liberty and Prosperity, Cato Institute.
Latin America, though poor, is a part of the West. The institutions, pastimes, intellectual history, languages, and belief systems of the vast majority of Latin Americans are of Western origin. Renowned Cuban writer Carlos Alberto Montaner will explain why a better understanding by the region’s inhabitants of their own cultural background will help Latin America relate to the United States and the rest of the world. Alvaro Vargas Llosa will discuss the relevance of Latin America’s Western traditions to the ideological battle between populism and modernity currently raging in the region.