Presidential candidate Donald Trump and the New York Times have recently demonized China for its relationship with Iran, but Sr. Fellow Ivan Eland cautions against such rhetoric. Economically, China is not much of a threat, says Eland. Chinas thirst for oil might actually help drive down the price of oil. Criticizing China for human rights violations usually leads to a backlash that harms dissidents. Chinas territorial claims in the South China Seas are too far away for the US to be concerned about, says Eland. China is often seen as the evil enemy some politicians in the US need to appear as if they are strong candidates.
Research Fellow Abigail R. Hall recently wrote an Op-Ed in Forbes about the solution to the growing need for organ transplants: allowing the sale of human organs. Hall rebuts critics who say only poor people would sell their organs, or the practice is morally objectionable. On the contrary, she says. By legalizing the sale of organs, thousands of lives could be saved and desperate, long waits for organ donations would ease.
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
Robert Higgs, Senior Fellow at the Independent Institute speaks at the Cato Institute about his latest book, Taking a Stand: Reflections on Life, Liberty, and the Economy, a collection of ninety-nine short pieces on a range of subjects including economic analysis, law, politics, and remembrances of colleagues.
This video was produced by Cato Institute, licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 3.0 Unported License.
Robert Higgs discusses our most recent economic recovery and some thoughts on how Keynesians explain events in American economic history. Higgs is author of the book, Taking a Stand: Reflections on Life, Liberty, and the Economy (2015).
Produced by Cato Institute
Creative Commons Attribution-NonCommercial-ShareAlike 3.0 Unported License.
David J. Theroux, Founder and President of the Independent Institute, presents the idea and concept behind Love Gov: From First Date to Mandate, the award-winning, satirical video series that portrays the federal government as an overbearing boyfriend Scott Gov Govinsky who foists his good intentions on a hapless, idealistic college student, Alexis Smith.
To watch the web series, follow this link