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 Michael F. Cannon, Director of Health Policy Studies, Cato Institute; and C. Eugene Steuerle, Institute Fellow and Richard B. Fisher Chair, Urban Institute.
Congressional leaders are weighing their options for moving the Senate-passed health care overhaul through the House. That legislation would have the undesirable effect of discouraging low-wage workers from climbing the economic ladder. A new Cato Institute study by Michael F. Cannon finds that implicit tax rates would often exceed 100 percent for low-wage workers, which could trap millions of Americans in low-wage jobs. Cannon also finds that the Senate bill creates incentives as large as $8,000 per year for people to purchase health insurance only when they are sick.