Sr. Fellow Ivan Eland appeared on Arise TVs XChange program to talk about German Chancellor Angela Merkel. Merkel has called for austerity in Europe and has helped Europe avoid economic collapse. Although she mediated bailouts in Europe, the situation would have been worse without her leadership. Merkel has also demanded sanctions against Russia.
Research Fellow William J. Watkins, Jr., author of Patent Trolls, appeared on the Steve Malzberg Show on Newsmax TV. Watkins talks about patent trolls, who are costing billions to the US economy by filing lawsuits against innovators. The result of these lawsuits slows the process of new technology and stifles innovation.
Sr. Fellow William F. Shughart II appeared on The Gary Nolan radio show to discuss the Export-Import bank. In a recent syndicated Op-Ed, Shughart wrote that the Export-Import bank distorts prices and it interferes with the free flow of international commerce.
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.