Clifford F. Thies, author of The Independent Review article Repudiation in Antebellum Mississippi, is interviewed on National Public Radios All Things Considered about the state of Mississippi defaulting on its loans in the 1840s. Other states defaulted on loans during this period, but most reconciled with debtors, but not Mississippi. Mississippi repudiated its debts, refusing to pay them.
Sr. Fellow Lawrence McQuillan, author of California Dreaming appears on KLZ radio in Denver, CO. Lawrence talks about the public-pension crisis and how states and cities can change their pension contributions to avoid bankruptcy while honoring commitments to employees.
Senior Fellow Ivan Eland appears on Arise TV to talk about the Greek Governments credit deal with the International Monetary Fund. Eland says the last minute deal with Greeces creditors might prolong the inevitable, that Greece might fall into default on loans. Greece and the EU might be better off if they realize that Greeces economy is failing.
Senior Vice President Mary Theroux is interviewed on radio station KOGO in San Diego to talk about the latest on California's Maximum Family Grant rule for families on welfare. She discusses the underlying reasons why children are born into poverty and the difficulty of breaking the cycle of poverty.
Independent Institute Senior Vice President Mary L. G. Theroux testified on "Childhood Poverty, Government Failures, and the Need for Economic Liberty", before the California State Senate's Budget Subcommittee on Health and Human Services, at the request of State Senator Jeff Stone. The witnesses spoke about California's Maximum Family Grant rule for families on welfare. The rule caps grants and does not increase grant money to mothers on welfare when they have more children. Mary testified about the causes of poverty and of the need for other, non-government options for poor families. She introduced ideas for helping the poor through private resources and organizations, instead of government agencies where families and women often find themselves trapped in a cycle of poverty.
Sr. Fellow Ivan Eland, author of the newly updated book "Recarving Rushmore," appears on the nationally syndicated Lars Larson radio show to discuss how he ranks the U.S. Presidents in terms of peace, prosperity and liberty. The updated version of the book includes President Barack Obama.
Research Fellow Vern McKinley, author of Financing Failure is interviewed by The Full Disclosure Network about the role of the Federal Reserve and whether or not it protects American citizens from financial disaster.