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 Frits Bolkestein, Former EU Commissioner for Internal Market and Services; John R. Gillingham, Board of Curators Professor, University of Missouri-St. Louis; and Angelos Pangratis, Deputy Head of the EU Delegation to the United States; moderated by Marian Tupy, Policy Analyst, Center for Global Liberty and Prosperity, Cato Institute.
The Lisbon Treaty of 2009 massively increased the powers of Brussels and gave the European Union its own resident and foreign service. Supporters of Lisbon claim that it will make the EU more efficient and effective. Critics say that the treaty, which was adopted in spite of its rejection in several national referenda, will further deepen Europe’s “democratic deficit.” Other events, including the violation of the legal arrangements prohibiting the recent bailout of Greece, raise questions about the EU’s commitment to the rule of law. By transcending nationalism, the EU was meant to be the way of the future. Today, however, many associate it with an unelected and unaccountable bureaucracy. Please join us for a discussion about the accomplishments and controversies surrounding the European project.