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 Chris Edwards, Director of Tax Policy Studies, Cato Institute; Daniel J. Mitchell, Senior Fellow, Cato Institute; Michael D. Tanner, Senior Fellow, Cato Institute; and Christopher A. Preble, Director of Foreign Policy Studies, Cato Institute. Moderated by Brandon Arnold, Director of Government Affairs, Cato Institute.
The president’s fiscal commission has unveiled serious proposals to cut programs, restrain the growth of spending, and reduce the federal government’s huge budget deficit. The commission’s report provides numerous fiscal policy ideas for the large class of new Republican members who are eager to fix the federal fiscal mess while the prospects for budget restraint look promising. How should the GOP propose cutting discretionary spending and reforming entitlement programs? Should they consider increasing taxes? Which of the commission’s proposals should the president embrace? How can the GOP address the bloated military budget? Please join our panelists as they answer these questions and discuss other fiscal challenges facing our country.