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 Bill Barr, Executive Vice President and General Counsel, Verizon; and Adam Thierer, Director of Telecommunications Studies, Cato Institute.
The telecom industry is in regulatory turmoil. On March 2 the D.C. Circuit Court issued its third and most stinging rebuke of the FCC’s rules governing telephone network regulation. The Supreme Court has reviewed these rules twice and could revisit them again if the D.C. Circuit decision is appealed. This regulatory uncertainty is frequently blamed for the recent meltdown and slow recovery in the telecom market. When Congress passed the historic Telecommunications Act of 1996, few people imagined the protracted litigation battles that followed. How did we get here, and where should we go from here? Please join us for an examination of the recent ruling and what it means for the telecom industry and a broader discussion about what went wrong and what Congress should do about it.