Collateral Damage: The Economic Cost of U.S. Foreign Policy

June 23, 1998 9:00 AM to 5:00 PM EDT

1st floor/Wintergarden

Featuring Richard Cheney, CEO, Halliburton NUS Corp., and former Secretary of Defense.

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This all‐​day conference explored the current and potential conflicts between U.S. foreign policy and the liberty and well‐​being of American citizens. The conference focused on the ways that U.S. foreign policy infringes on the freedom of Americans to trade, invest and communicate with the rest of the world.

Welcoming Remarks

Brink Lindsey
Center for Trade Policy Studies
Cato Institute

Overview: The Economic Cost of U.S. Foreign Policy

Ted Galen Carpenter
Cato Institute

Gary Hufbauer
Council on Foreign Relations and Institute for International Economics

William H. Lash III
George Mason University

Export Controls
Do the benefits of restricting the export of goods such as encryption and nuclear technology, which have both civilian and military uses, outweigh the costs? When do those export controls violate our constitutional rights?

William Reinsch
Department of Commerce

Kenneth C. Bass
Venable, Baetjer, Howard & Civiletti

James B. Burnham
Duquesne University

R. Ian Butterfield

Carl Ellison

Controlling the Flow of Capital
Restrictions on investment, money‐​laundering laws, proposed regulation of digital cash, and bank reporting requirements attempt to serve national security by controlling the flow of capital from one country to another. Can those measures be enforced? Do they violate constitutional rights?

Eric Hughes
Simple Access

Richard Rahn

Stephen Kroll
Treasury Department

Unilateral Economic Sanctions
This panel will discuss U.S. attempts to impose unilateral sanctions, including extraterritorial sanctions against targeted countries.

Clayton Yeutter
Former Agriculture Secretary and U.S. Trade Representative

Richard N. Haas
Brookings Institution

William C. Lane
Caterpillar, Inc.

Closing Remarks

Dan Griswold
Center for Trade Policy Studies
Cato Institute