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 Welile Nhlapo, South African Ambassador to the United States; J. Daniel O’Flaherty, Vice President, National Foreign Trade Council; Tom Woods, Former Deputy Assistant Secretary of State for Africa; Moderated by Marian Tupy, Policy Analyst, Center for Global Liberty and Prosperity, Cato Institute.
On April 22, South Africa will hold its fourth general election since the advent of multiracial democracy in 1994 and first general election since the break-up of the once-hegemonic African National Congress. Will a strong showing by the new party-the Congress of the People-reduce the ANC’s majority, reinvigorate the opposition, and make the government more accountable? Or will it lead the ANC to embrace more populist economic policies in an effort to regain the loyalty of its former supporters? Please join us for a discussion of the likely effects of this pivotal election on the future of sub-Saharan Africa’s most powerful nation.