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 Trevor Thrall, George Mason University; Danny Hayes, George Washington University; and Richard Wike, Pew Research Center; moderated by Justin Logan, Cato Institute.
Although it has been studied intensely by political scientists, the relationship between public opinion and U.S. foreign policy remains murky. Today, pundits argue about whether an “Iraq syndrome” among the public is inhibiting the Obama administration from going to war with Syria. Public anxiety about the debt and deficit has led to increased support for cutting military spending. In this context, a growing number of scholars and academics are calling for Washington to adopt a grand strategy of restraint. Does the public support the existing strategy, or is it more in alignment with restraint? What does the public believe America’s role in the world should be? Should presidents listen to public opinion regarding foreign-policy decisions? Must they?
Please join us for a discussion of these timely questions.