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 Rep. Scott Garrett (R-NJ); Sam Staley, Urban Futures Program, Reason Public Policy Institute, and author, Mobility First: A New Vision for Transportation in a Globally Competitive Twenty-First Century; and Randal O’Toole, Senior Fellow, Cato Institute.
In reauthorizing federal funding for transportation, Congress has a choice between top-down policies whose focus is on reducing American mobility at almost any cost and customer-driven policies whose focus is on enabling mobility while cost-effectively minimizing the environmental impact of that mobility. The “Surface Transportation Act of 2009: A Blueprint for Investment and Reform” from the House Committee on Transportation and Infrastructure firmly chooses the former strategy. Please join Rep. Scott Garrett, author Sam Staley, and Cato Institute scholar Randal O’Toole to discuss alternatives that will save taxpayers billions while doing far more to protect the environment.