Featuring Dov S. Zakheim, Senior Advisor, Center for Strategic and International Studies; Mackenzie Eaglen, Resident Fellow at the Marilyn Ware Center for Security Studies, American Enterprise Institute; Todd Harrison, Senior Fellow, Defense Budget Studies, Center for Strategic and Budgetary Assessments; and Christopher A. Preble, Vice President for Defense and Foreign Policy Studies, Cato Institute; moderated by Kate Brannen, Senior Reporter, Foreign Policy.
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 Jagdish Bhagwati, Author, In Defense of Globalization and Matthew Slaughter, Tuck School of Business, Dartmouth University.
Anxiety about the impact of trade on real wages and the middle class has complicated efforts to move forward on trade liberalization. How real are those worries and how should policymakers respond? In a new edition of his book In Defense of Globalization, Columbia University economist Jagdish Bhagwati addresses the economic critiques that have now arisen, such as the alleged adverse impact of trade on real wages in the United States, and finds them mistaken. He has also taken aim at the critique of Alan Blinder and others who warn that job insecurity will soon spread to millions of service-sector workers. Joining the discussion will be Matthew Slaughter, a former member of the president’s Council of Economic Advisers, who has argued that the government must respond with policies that more aggressively address income inequality if free trade is to be maintained.