On June 17, 2014, Sr. Fellow Lawrence McQuillan spoke at an event for supporters of the Independent Institute. Dr. McQuillan spoke about Californias state pension system, a topic he writes about frequently, including in his forthcoming book California Dreamin: Resolving the Public Pension Crisis.
First he defines the types of pension programs for state employees, he outlined how funding for the programs is not sustainable for the promises made to pension recipients. The state admits to an unfunded liability of $140 billion, but McQuillan says that is actually an underestimate. According to most economists, the true amount of the unfunded liability is $430 billion.
How did this happen? McQuillan explains and offers six solutions to keep the pension systems solvent.
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Senior Fellow Alvaro Vargas Llosa, author of Global Crossings, describes who immigrants are and why they move, and he compares the immigrant experience today to that of previous eras, identifying far more similarities than differences at the Cato Institute in Washington, DC.
Senior Fellow Robert Higgs speaks at The Arthur M. Krolman lecture, presented at the 2012 Mises Institute Supporters Summit: "The Truth About War: A Revisionist Approach". Recorded at Callaway Gardens, Georgia, on 27 October 2012.