Research Fellow William J. Watkins, Jr. appeared on XMSatellite radios Innovation Navigation show to talk about his new book Patent Trolls: Predatory Litigation and the Smothering of Innovation. The cost of patent trolls is staggering, both in terms of lost work and in court costs and attorney fees. The outmoded patent system in the US is discussed, including proposals for reforming the patent system.
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.
How much Washingtons spending is costing YOU? Enter your age, income, and education level and the calculator shows exactly what youre paying for national defense, welfare, education, national debt, and more even federal programs, as well as the entire federal budget.
Along with the calculator, the free MyGovCost iPhone and iPad mobile application contains blogs, Op-Eds, videos, and news from The Independent Institute and MyGovCost.org.
Research Fellow Burton A. Abrams appeared on the "Bob Zadek Radio Show" on KKSF in San Francisco. Abrams talks about the MyGovCost calculator and his book The Terrible 10 and the top ten economic blunders in the last century.
Ivan Eland, author of Recarving Rushmore, appeared on the The Tom Woods Show. Eland talks about U.S. Presidents on the merits of their policies and whether those strategies contributed to peace, prosperity, and liberty.
What will the economy be like in the New Year? Sr. Fellow Benjamin Powell appears on Fox Business Network's "The Independents" show to give his impressions of the deficit, bureaucracies, and economic recovery. Powell talks about long term trends and says Big Government policies are effecting the outlook and the "New Normal" in the economy.