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, Cato Institute; John Samples, Director of the Center for Representative Government, Cato Institute; and Linda Killian, Professor of Journalism, Boston University, Author, The Freshmen: What Happened to the Republican Revolution?
In 1994, the Republican Contract with America called for the “end of government that is too big, too intrusive, and too easy with the public’s money.” After 10 years in power, the GOP has cut taxes and reformed welfare, and they are proceeding with reforms to Social Security. But federal spending has soared 60 percent since 1995, the deficit has exploded, and the government has grabbed more power from the states and the people in many areas.
Please join us to discuss a new Cato book, The Republican Revolution 10 Years Later: Smaller Government or Business as Usual? edited by Chris Edwards and John Samples. The book examines 10 years of policy in taxation, education, trade, welfare, health care, and other key areas. Joining the authors will be Boston University professor Linda Killian, author of the book The Freshmen: What Happened to the Republican Revolution? As a journalist who covered the new Republican Congress, Killian will discuss some of the interesting political dynamics behind the GOP’s reform efforts.