PUBLICATIONS
Books
The Independent Review
(Quarterly Journal)
Policy Reports
The Lighthouse
(Email Newsletter)
Commentary Articles
News Releases
Audio and Visual Programs
The Independent
(Quarterly Newsletter)
Research Articles
Working Papers
Course Adoption Program




Subscribe



Commentary
Facebook Facebook Facebook Facebook

Contribute
Your participation will advance liberty. Join us as an Independent Institute member.



Contact Us
The Independent Institute
100 Swan Way
Oakland, CA 94621-1428

510-632-1366 Phone
510-568-6040 Fax
Send us email


Interested in working with us?  Click here for more information.

The Lighthouse


Bookmark and Share


The Lighthouse is the weekly email newsletter of the Independent Institute.
Subscribe now, or browse Back Issues.

Volume 9, Issue 12: March 19, 2007

  1. Would Terrorists from Iraq Follow U.S. Troops Home?
  2. Lessons from Ireland
  3. Defense Budget Hits Trillion-Dollar Mark
  4. Summer Seminars for Students

1) Would Terrorists from Iraq Follow U.S. Troops Home?

The lifetime probability that international terrorists will kill any one American is about the same as that person being killed by a comet—one in 80,000, according to political scientist John Mueller. Americans therefore should worry less about the low risks overblown by the administration’s color-coded Terrorism Alert System and instead focus on reducing the risks they face in everyday life, according to Ivan Eland, director of the Independent Institute’s Center on Peace & Liberty.

One particular scenario Americans need not worry about too much, Eland argues in his latest op-ed, is that “the terrorists will follow us home” if the United States rapidly withdraws from Iraq. In reality, the al Qaeda terrorists in Iraq would be too busy fighting the country’s Shi’ite majority to attempt a large-scale attack on U.S. soil, according to Eland.

“Instead of being anxious about such Bush administration canards,” writes Eland, “the American people should worry about things that have a greater chance of killing them—for example, the average American’s lifetime chances of being killed in an auto accident are one in 100. Instead of focusing on potential terrorism in the homeland emanating from a post–U.S. Iraq, Americans who want to have the greatest probability of living longer lives should eat right, exercise, and wear their seat belts, and avoid smoking and excess worry (especially about jihadists following U.S. soldiers home from Iraq).”

“Would Terrorists from Iraq Follow U.S. Troops Home?” by Ivan Eland (3/19/07) Spanish Translation

The Empire Has No Clothes: U.S. Foreign Policy Exposed, by Ivan Eland

Center on Peace & Liberty

Back to Top


2) Lessons from Ireland

Ireland—one of the great economic successes of the late 1990s—has become a model that many policymakers want to emulate. Unfortunately, policymakers often don’t understand the reason for the Emerald Island’s success and therefore propose programs unlikely to help their states, according to Benjamin Powell, director of the Independent Institute’s Center on Entrepreneurial Innovation.

Arizona policymakers, for example, are attempting to replicate Ireland’s success by creating agencies modeled after the Science Foundation Ireland and that country’s Industrial Development Authority. But this won’t work because, according to Powell, neither contributed to Ireland’s late-1990s success: the former wasn’t created until after Ireland had its most rapid growth and the latter had been around during Ireland’s economically stagnant years. Cuts in taxes and government spending—and the liberalization of a few key sectors of its economy—are what turned Ireland into the “Celtic Tiger,” Powell argues.

“Ireland’s lesson is that Arizona should dramatically increase economic freedoms if it wants to grow,” Powell writes. “Arizona already ranks fairly well in freedom compared to many U.S. states but it still trails some neighbors. Taxation and government spending in particular lag behind Arizona’s overall score. If Arizona’s leadership wants to emulate Ireland’s success they should be slashing taxation and spending—not subsidizing science and planning industrial policy. Improving Arizona’s economic freedom, in the words of a Guinness commercial, would be ‘Brilliant!’”

“St. Paddy's Day Lesson for Arizona,” by Benjamin Powell (3/16/07) Spanish Translation

Center on Entrepreneurial Innovation

Back to Top


3) Defense Budget Hits Trillion-Dollar Mark

When defense-related spending in non-Defense departments is added in, total U.S. spending for defense is almost twice the $583 billion earmarked for the Pentagon’s fiscal year 2007 budget, according to Robert Higgs. The relevant non-Defense spending, he explains, includes spending on various programs of the Department of Homeland Security, Federal Bureau of Investigation, Treasury Department, State Department, Veterans Affairs, and Energy Department. His estimates build on data gathered for fiscal 2006, the most recent data available.

“If the additional elements of defense spending continue to maintain the same ratio to the Pentagon’s amount—and we have every reason to suppose they will—then in fiscal year 2007, through which we are now passing, the grand total spent for defense will be $1.028 trillion,” writes Higgs in a recent op-ed. “I confirmed the rough accuracy of this forecast by adding up the government’s own estimates of fiscal 2007 outlays for the various additional defense-related items, obtaining a total of $987 billion—an amount only 4 percent less than my ratio-based estimate.”

“Although I have arrived at my conclusions honestly and carefully, I may have left out items that should have been included—the federal budget is a gargantuan, complex, and confusing collection of documents. If I have done so, however, the left-out items are not likely to be relatively large ones.”

“The Trillion-Dollar Defense Budget Is Already Here,” by Robert Higgs (3/15/07) Spanish Translation

Depression, War, and Cold War, by Robert Higgs

Resurgence of the Warfare State, by Robert Higgs

Against Leviathan: Government Power and a Free Society, by Robert Higgs

Arms, Politics, and the Economy, edited by Robert Higgs

Back to Top


4) Summer Seminars for Students

What are natural rights? What is the rule of law? What is a free market? What caused the Great Depression? What causes inflation? How can we improve our schools, healthcare, environment, housing, and transit?

To help high school and college-age students better understand the social and economic issues faced throughout life, The Independent Institute sponsors the Challenge of Liberty Summer Seminars as a major part of the Institute’s overall program for students.

In a five day series of lectures, readings, films, multimedia presentations, and small group discussions, these dynamic seminars help students learn what economics is, how it affects their lives, and how understanding its laws can help them achieve the things they care about.

2007 Summer Seminars for Students

Back to Top




Home | About Us | Blogs | Issues | Newsroom | Multimedia | Events | Publications | Centers | Students | Store | Donate

Product Catalog | RSS | Jobs | Course Adoption | Links | Privacy Policy | Site Map
Facebook Facebook Facebook Facebook
Copyright 2014 The Independent Institute