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.
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.
Benjamin Powell speaks with Judge Napolitano of Fox Business Network's Freedom Watch about the IRS and the difference between full- and part-time employment. He also comments on the validity of police officers being allowed to use facial profiling.
For millennia, farmers all over the world have bred crops for their resistance to disease, productivity, and nutritional value. Over the past century, scientists have used increasingly more sophisticated methods for modifying crops at the genetic level. But only since the 1970s have advances in gene-splicing and other aspects of biotechnology upped the ante with the promise of dramatically improved agricultural products. Today, few topics have the power to inspire as much international furor and misinformation as the development and distribution of genetically altered foods. Is public resistance far out of synch with the potential risks? Please join us as Henry Miller, co-author of the new book The Frankenfood Myth, and Bruce Ames, U.C. Berkeley professor of biochemistry and molecular biology, address this critical 21st century issue.
For millennia, farmers all over the world have bred crops for their resistance to disease, productivity, and nutritional value. Today, few topics have the power to inspire as much international furor and misinformation as the development and distribution of genetically altered foods.