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, Michael Tanner, Director of Health & Welfare Studies, Cato Institute; with comments by Daniel Casse, Senior director of the White House Writers Group and former special assistant to President Bush; and Dick Armey, Former House Majority Leader.
For conservatives generally and the Republican Party in particular, now is a time of intense soul-searching. More than a decade has passed since President Bill Clinton announced that “the era of big government is over.” Yet, since then, government has grown far bigger and far more intrusive. It spends more, regulates us more, and reaches far more into our daily lives than it did before the Republican Revolution. In Leviathan on the Right, Michael Tanner says that behind this alarming trend stands the rise of a new brand of conservatism–one that believes big government can be used for conservative ends. It is a conservatism that ridicules F. A. Hayek and Barry Goldwater while embracing Teddy and even Franklin Roosevelt. Unless conservatives return to their small-government roots, Tanner warns, the electoral defeat of 2006 is just the beginning. Please join us for a lively discussion with distinguished commentators.