Featuring David Boaz, Executive Vice President, Cato Institute; and Matt Welch, Editor in Chief, Reason; vs. Ramesh Ponnuru, Columnist and Senior Editor, National Review; and Conor Friedersdorf, Staff Writer, The Atlantic; moderated by David Kirby, Vice President and Senior Fellow, Cato Institute.
Every imaginable product and service has a price, and yet there is something different about pricing prescription medicines. In the new issue of Regulation, Charles L. Hooper and David R. Henderson say that to “fix” drug pricing, we need more competition, more cost sharing, and the liberalization of some regulations. Also in this issue, Larry Downes describes how rent-seeking and public choice have put a telecom deregulation success story at risk, and Jason Scott Johnston looks at the social cost of carbon – how is it derived and how is it used to justify America’s climate policy?
Published in the wake of the Supreme Court’s landmark decision in Kelo v. New London, Cornerstone of Liberty: Property Rights in 21st Century America made a powerful contribution to the firestorm of interest in protecting property rights. Now in its second edition, Cornerstone of Liberty has been fully updated by authors Timothy and Christina Sandefur, and examines how dozens of new developments in courtrooms and legislatures across the country have shifted the landscape of private property rights since 2005.
The Cato Institute has released its 2014 Annual Report, which documents a dynamic year of growth and productivity. “Libertarianism is the philosophy of freedom,” Cato’s David Boaz writes in his book, The Libertarian Mind. “It is the indispensable framework for the future.” And as the new report demonstrates, the Cato Institute, thanks largely to the generosity of our Sponsors, is leading the charge to apply this framework across the policy spectrum.
Restriction or Legalization? Measuring the Economic Benefits of Immigration Reform
Featuring Peter Dixon, Principal Researcher, Centre of Policy Studies,
Faculty of Business and Economics, Monash University (Australia); and Daniel Griswold, Director, Center for Trade Policy Studies, Cato Institute.
As Congress prepares to tackle immigration reform, a new study from the Cato Institute estimates that the difference in the impact on U.S. households between the most and least restrictive policies would be about a quarter of a trillion dollars. Using a model of the U.S. economy developed for the Department of Homeland Security and other U.S. agencies, economists Peter Dixon and Maureen Rimmer conclude that increased restriction of illegal immigration would cost U.S. households $80 billion a year, while legalization through a temporary visa program would raise incomes by $180 billion. Professor Dixon will explain the findings and answer questions about the methodology of the study, and Cato scholar Daniel Griswold will share the results of his new study on immigration and the underclass.