On June 17, 2014, Sr. Fellow Lawrence McQuillan spoke at an event for supporters of the Independent Institute. Dr. McQuillan spoke about Californias state pension system, a topic he writes about frequently, including in his forthcoming book California Dreamin: Resolving the Public Pension Crisis.
First he defines the types of pension programs for state employees, he outlined how funding for the programs is not sustainable for the promises made to pension recipients. The state admits to an unfunded liability of $140 billion, but McQuillan says that is actually an underestimate. According to most economists, the true amount of the unfunded liability is $430 billion.
How did this happen? McQuillan explains and offers six solutions to keep the pension systems solvent.
Full Video of The Independent Institutes 2011 25th Anniversary Gala for Liberty held November 15, 2011. Part 1: Introductory Remarks and Tribute to Robert Higgs Part 2: Tribute to Mario Vargas Llosa Part 3: History of The Independent Institute and Fund for the Future Part 4: Tribute to Lech Walesa Part 5: Special Tributes, Sponsors, and Credits
Friedrich A. Hayek (1899-1992) left such a profound mark on economic and political thought that The New Yorker has called the 20th century, "The Hayek Century." After converting to free-market capitalism and classical liberalism in the 1920s, Hayek became one of socialism's and statism's staunchest critics. His 1944 bestseller, The Road to Serfdom, warned of central government planning's authoritarian, and even totalitarian, tendencies- and helped reignite worldwide interest in the philosophy and practice of freedom. Although Hayek's 1974 Nobel Prize in Economic Science brought renewed interest in his ideas, it wasn't until the collapse of the Soviet Bloc (which Hayek predicted) that his vast writings on economics, political philosophy, law, history, culture, and other fields became broadly recognized as essential to achieve a prosperous, humane and free society. Biographer Alan Ebenstein and economist Charles Baird shed light on Hayek's seminal legacy and the rebirth of freedom.
The great question of Pearl Harbor: what did U.S. government officials know and when did they know it? Ithas been argued for years. After decades of Freedom of Information Act requests, Robert Stinnett was finally able to examine the long-hidden evidence, shattering every shibboleth of Pearl Harbor. He finds that not only was the attack expected, it was deliberately provoked through an eight-step program devised by the Navy for President Franklin Roosevelt. Could Pearl Harbor have neither been an "accident" nor a mere "failure" of U.S. intelligence nor a "brilliant" Japanese military coup? Could the tragedy at Pearl Harbor have been a carefully orchestrated design, initiated at the highest government levels in order to galvanize a peace-loving American public to go to war? Robert Stinnett will discuss this startling issue in detail.
Robert B. Stinnett
Former Journalist, Oakland Tribune and BBC.
Author of the books, George Bush: His World War II Years and Day of Deceit: The Truth about FDR and Pearl Harbor.