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 Daniel Griswold, Director, Center for Trade Policy Studies, Cato Institute; author, Mad About Trade; and William A. Reinsch, President, National Foreign Trade Council.
For decades, the U.S. government has restricted sugar imports through a system of quotas designed to keep domestic prices artificially high, even though foreign producers can grow and sell sugar at much lower prices. Domestic growers maintain that they need the quotas to protect them from “dumped” imports. Critics argue that the program increases costs for U.S. consumers and hurts domestic confectioners and other sugar-using industries. It also inhibits development abroad by walling off the U.S. market from farmers in Latin America, the Caribbean, and Africa. In a recent letter, the National Foreign Trade Council and other trade organizations urged the Obama administration to consider relaxing the quotas in the face of high global prices and the threat of domestic shortages. Isn’t it time to rethink the U.S. sugar program?