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.
Sr. Fellow Bruce Benson, author of The Enterprise of Law appeared on the Tom Woods radio show to speak about the increasing frequency of private police in areas of our society. In an upcoming article in The Independent Review, Benson will update some ideas about private, market-based justice processes and less government police abuse.
Research Fellow Anthony Gregory, author of "The Power of Habeas Corpus in America,"
discusses how politicians love to declare war on social and economic issues, and how these "wars" only manage to increase government power while reducing liberty.
Ron Paul, the former 12-term Congressman and Presidential candidate, takes a candid look at Americas increasingly dysfunctional political system. Drawing on his 24 years in Congress, he highlights the need to rein in unchecked government power. The author of numerous #1 New York Times bestselling books, Dr. Paul is a leading advocate for individual liberty, privacy, limited constitutional government, low taxes and spending, free markets, restrained foreign policy, and sound money.