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.
Senior Fellow Ivan Eland, author of Partitioning for Peace, appeared on "Doug Stephan's Good Day" radio program. Eland talks about the state of terrorism in the Iraq and whether the US creates more of a problem with its intervention. He also discusses the question of how ISIS is different than other terror groups.
Research Fellow Stephen P. Halbrook, author of Gun Control in the Third Reich, talks with radio host Tom Woods about the events in Germany in the 1920s and 1930s that led to the disarming of Jews and other so-called "Enemies of the State" beginning with gun registration policies of the Weimar Republic, to the Nazis use of that information to disarm and eliminate any opposition.
Research Fellow William J. Watkins, Jr., author of Patent Trolls, appeared on the Steve Malzberg Show on Newsmax TV. Watkins talks about patent trolls, who are costing billions to the US economy by filing lawsuits against innovators. The result of these lawsuits slows the process of new technology and stifles innovation.
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.