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 Stephen I. Schwartz, Editor, Nonproliferation Review, James Martin Center for Nonproliferation Studies of the Monterey Institute of International Studies, and principal author, Nuclear Security Spending: Assessing Costs, Examining Priorities; and Christopher Preble, Director of Foreign Policy Studies, Cato Institute, and author, The Power Problem: How American Military Dominance Makes Us Less Safe, Less Prosperous, and Less Free.
The U.S. nuclear arsenal is enormous and expensive. Few Americans understand just how costly it is, however, because the program is one of the least transparent features of the massive federal budget. The most comprehensive study of nuclear weapons spending concluded that U.S. taxpayers spent at least $52.8 billion in fiscal year 2008 but estimated the actual top-line budget, which includes classified and intelligence-related activities, to be much higher. Do such expenditures keep us safe? Can better congressional oversight succeed in bringing down the high costs? Does U.S. security depend on a nuclear arsenal that contains more than 5,000 warheads? In advance of the Obama administration’s release of the nuclear posture review, please join Christopher Preble and Stephen Schwartz for a discussion of the costs and risks associated with the U.S. nuclear arsenal, and hear their proposals for alternative approaches to advancing U.S. security.