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
Daniel Ellsberg began his Vietnam-era career as a U.S. Marine company commander, a Pentagon official, and a staunch supporter of U.S. global interventionism. But, in October 1969, Ellsbergfully expecting to spend the rest of his life in prisonsmuggled out of his office and made public a seven-thousand-page top secret study of decision making in Vietnam, the Pentagon Papers. At this upcoming Independent Policy Forum, Ellsberg will tell the story of his becoming the most important whistle-blower of the last fifty years, risking his career and his freedom to expose the deceptions and delusions of U.S. leaders from Truman onward.
Based on his new book, Secrets, Ellsberg provided an insiders view of the secrets and lies that have shaped decades of U.S. foreign policy to the present. His exposure began on his first day at the Pentagon, August 4, 1964, which was also the day of the infamous Gulf of Tonkin incident. In time, the more he learned from top decision-makers, confidential documents, and reports of secret maneuvers, the more skeptical he became about the conduct and impact of U.S. foreign policies.
The release of the Pentagon Papers set in motion a chain of events that included a landmark Supreme Court decision, the arrest and trial of Ellsberg, the crimes of Watergate, and the end of the Nixon presidency and the Vietnam War.
As the U.S. pursues the current War on Terrorism, Ellsbergs insights into governmental intoxication with power could not be more timely or important.
This special evening with Daniel Ellsberg and a distinguished panel of scholars, Barton J. Bernstein, Edwin B. Firmage, David R. Henderson, and Jonathan Marshall discussed Secrecy, Freedom and Empire: Lessons for Today from Vietnam and the Pentagon Papers.
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.