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.
Transit agencies regularly splurge on expensive but little-used rail transit lines, then declare them to be great successes. And for good reason: if they admitted that federally subsidized rail lines were failures and quit running them, they would have to reimburse the feds. How can you know whether a rail transit line is really successful or whether the transit agency is trying to avoid admitting that it wasted so much money? To answer this question, Cato scholar Randal O’Toole developed six different tests, including profitability and effects on ridership, and used them to evaluate more than 70 rail transit systems in dozens of cities. Please join Randal O’Toole and Ron Utt of the Heritage Foundation to discuss how rail transit measures up and how it affects urban mobility.