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.
Research Fellow Randall Holcombe is a guest on the Larry Conners USA Radio Show on KTRS St. Louis. Holcombe discusses President Obamas push for shorter prison sentences and why the move is a mistake. The war on drugs has been waged for 35 years. Drugs are impossible to control and their use should not be illegal, according to Holcombe. Transactions among consenting adults shouldnt be prosecuted, he says. Only if property crimes or violence occurs, should drug users be prosecuted.
Nov. 12, 2015
Founder and President of the Independent Institute, David Theroux is interviewed by Ave Maria Radio President Al Kresta at the Napa Institute Annual Conference. Also President of the C.S. Lewis Society of California, David Theroux talks about C.S. Lewiss writings on liberty and Christianity and how Lewis became one of the best-read and most influential writers of the 20th and 21st centuries.
Associate Student Programs Director Mark LaPrairie appears on KLZ radio in Denver to discuss Independent Institutes Challenge of Liberty Student Seminars. Mark discusses topics including free markets, liberty and economics. Mark will be a senior at Hillsdale College in the fall and was one of the presenters at the seminar.
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.
Research Fellow Stephen P. Halbrook, author of Gun Control in the Third Reich, talks with radio host Tom Woods about the events in Germany in the 1920s and 1930s that led to the disarming of Jews and other so-called "Enemies of the State" beginning with gun registration policies of the Weimar Republic, to the Nazis use of that information to disarm and eliminate any opposition.