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 John Z. Ayanian, Professor of Medicine and Health Care Policy, Harvard Medical School and Brigham and Women’s Hospital; David Meltzer, Associate Professor of Medicine and Economics, University of Chicago; and Michael F. Cannon, Director of Health Policy Studies, Cato Institute.
It makes intuitive sense that President Obama’s health plan, which would expand health insurance coverage to an estimated 30 million currently uninsured Americans, would improve their health. But is it true? What does the evidence say about the effect between health insurance expansions and health? And what does that mean for the Obama plan?