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.
Featuring Rep. Jim Cooper
(D-Tennessee), Policy Chairman, Blue Dog Coalition, Stephen Slivinski, Director of Budget Studies, Cato Institute and Jagadeesh Gokhale, Senior Fellow, Cato Institute.
On Capitol Hill today there is a hesitancy to address the growth of big government. Yet mounting deficits caused primarily by massive spending hikes threaten to endanger the economic potential of future generations. The creation of expensive new entitlements—like President Bush’s Medicare drug benefit—only makes the problem worse. Meanwhile, members of both parties ignore the need to reform entitlement programs and restrain spending. Excellent ideas to reform the budget process have been proposed by fiscal conservatives on each side of the aisle, but they sit mostly untouched by members of Congress.