Aired on March 11, 2016, television personality John Stossel (Host of Stossel on Fox Business) presented the ten worst political promises from the US candidates like Donald Trump, Bernie Sanders, Hillary Clinton, and Ted Cruz among others. Benjamin Powell, Research Fellow of Independent Institute was invited to analyze these promises.
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.
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.
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.