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 Anders Aslund, Senior Fellow, Peterson Institute for International Economics; and Desmond Lachman, Resident Fellow, American Enterprise Institute; moderated by Marian L. Tupy, Policy Analyst, Center for Global Liberty and Prosperity.
In his new book, The Last Shall Be the First, Anders Aslund argues that the governments of the Baltic countries were right to respond to the 2008 financial crisis by slashing spending, while maintaining a fully fixed exchange rate between their domestic currencies and the euro. According to Aslund, this “internal devaluation” allowed the Baltics to quickly return to growth. Desmond Lachman contends that the sharp decline in the GDP in the Baltics in 2009 would not have happened if, instead of austerity measures, the Baltic governments had abandoned fixed exchange rates in favor of currency devaluation. Which of these two approaches is correct — and does the solution of the crisis in the Baltic countries hold any lessons for the United States and the European Union? Please join us for a spirited discussion.