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.
Founder and President of the Independent Institute, David Theroux is interviewed by Ave Maria Radio President Al Kresta at the Napa Institute Annual Conference. Also President of the C.S. Lewis Society of California, David Theroux talks about C.S. Lewiss writings on liberty and Christianity and how Lewis became one of the best-read and most influential writers of the 20th and 21st centuries.
Independent Institute Founder, President and CEO David Theroux is introduced by Julian Charles on the United Kingdom's Revelations Radio Network's program The Mind Renewed. In an address from the Christians for Liberty Conference in August 2014, David Theroux talks about Lewis' world view championing truth, excellence, liberty and other similar virtues, as opposed to the state which often tramples on individual rights and freedoms.
Sr. Fellow Benjamin Powell appears on Vancouvers CKNW radio to discuss the one year anniversary of the Rana Plaza factory collapse in Bangladesh. Powell talks with host Mike Eckfordabout conditions in clothing factories in Bangladesh and markets for labor and the products manufactured there.
Host Kevin Price and Independent Institute President and Founder David Theroux discuss the topic How to Maintain Liberty in this segment of the Price of Business on KTEK 1110 AM of the Wall Street Radio Network.
What will the economy be like in the New Year? Sr. Fellow Benjamin Powell appears on Fox Business Network's "The Independents" show to give his impressions of the deficit, bureaucracies, and economic recovery. Powell talks about long term trends and says Big Government policies are effecting the outlook and the "New Normal" in the economy.