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 arent able to take drugs that arent 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." Whats needed is competition and markets to help patients and entrepreneurs, says Powell.
Are immigrants taking our jobs and living off the taxes we pay? Are they criminals? Television personality John Stossel (Host of Stossel on Fox Business Network) interviewed Benjamin Powell, Senior Fellow at the Independent Institute, Director of the Free Market Institute at Texas Tech University, and Editor of the book, The Economics of Immigration.
In this "Special Report with Bret Baier" for Fox News, Independent Institute Senior Fellow John C. Goodman analyzes the Republican candidates' discourse on repealing the Obamacare program and discusses how are they going to do it.
Sr. Fellow Ivan Eland is interviewed on Doug Stephan's nationally syndicated radio show "Good Day" program. The discussion centered around the Republican Presidential Debate on Aug. 6, 2015. Eland saying the Republican candidates should be concentrating on foreign policy.
Sr. Fellow Ivan Eland appears on America Tonight with Kate Delaney to talk about government spending out of control. Eland compares the US money supply and spending under George W. Bush and Barack Obama to eating candy and getting a "sugar high" instead of a good balanced diet. British Prime Minister David Cameron has followed the examples of US Presidents Harding, Coolidge, Eisenhower and Clinton and embraced austerity to bring about long term prosperity.
Senior Vice President Mary Theroux is interviewed on radio station KOGO in San Diego to talk about the latest on California's Maximum Family Grant rule for families on welfare. She discusses the underlying reasons why children are born into poverty and the difficulty of breaking the cycle of poverty.
Senior Fellow Ivan Eland, author of Partitioning for Peace, appeared on "Doug Stephan's Good Day" radio program. Eland talks about the state of terrorism in the Iraq and whether the US creates more of a problem with its intervention. He also discusses the question of how ISIS is different than other terror groups.