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Senior Fellow Benjamin Powell is Interviewed on American Medicine Today Radio on Drug Approvals and the FDA
Recorded: Saturday, December 12, 2015

What is the cost of the long approval process for potentially life-saving drugs by the FDA? The approval process can take up to 12 years and cost $1 billion. But there are other costs. Patients aren’t able to take drugs that aren’t approved and they might die or become more ill. Another cost is that a potential drug maker might not want to take the financial risk of taking a drug to market. Powell recommends testing drugs but possibly making drugs "FDA recommended", rather than "FDA approved." What’s needed is competition and markets to help patients and entrepreneurs, says Powell.

Experts: Benjamin W. Powell
Type: Radio
Issues: Government Power, Health Care, Public Health/ Consumer Protection, Science

       
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Clifford Thies on the American Economic Association and Richard T. Ely
Recorded: Monday, November 28, 2011

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The American Economic Association (AEA) takes pride in celebrating its founder Richard T. Ely. This pride is strange, given the character of Ely’s thought, which is revealed in The Independent Review article “The Shaping of a Future President’s Economic Thought: Richard T. Ely and Woodrow Wilson at ‘The Hopkins’” by Gary M. Pecquet and Clifford F. Thies, as well as the Econ Journal Watch article “Richard T. Ely: The Confederate Flag of the AEA?” by Clifford F. Thies and Ryan Daza. In this podcast, Thies is interviewed by the economist Lawrence H. White and explores Ely’s ideas, values, and impact. Thies is the Eldon R. Lindsay Chair of Free Enterprise and Professor of Economics and Finance at Shenandoah University.

Experts: Clifford F. Thies, Lawrence H. White
Type: Radio
Issues: Bureaucracy and Government, Civil Liberties/ Human Rights, Collectivism, Culture/ Society, Economic History and Development (U.S.), Economic Policy, Economists, Government Power, Immigration, Political Ideology and Philosophy, Public Health/ Consumer Protection, Race Issues, Regulation and Deregulation, Religion, Science, Welfare

       
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