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 Representative Tom McClintock (R-CA); Gene Healy, Vice President, Cato Institute; and John Samples, Director, Center for Representative Government, Cato Institute; moderated by Brandon Arnold, Director of Government Affairs, Cato Institute.
President Obama’s intervention in the Libyan civil war raises profound constitutional questions. Article I, Section 8 of the Constitution grants the power to “declare War” to Congress. What does “declare War” mean in the context of the Libyan intervention? James Madison noted that the president had the power “to repel sudden attacks” on the United States, although not the power to declare war. The War Powers Act of 1973 purports to define and constrain the executive’s power to declare war, yet some have suggested that it gives the president a 60-day “free pass” for military action. What does the War Powers Act mean in this situation? What options are available to Congress for responding to America’s new war in the Mideast?