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 aren’t able to take drugs that aren’t 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." What’s needed is competition and markets to help patients and entrepreneurs, says Powell.

Drawing on C.S. Lewis’s varied writings—fiction for both adults and children, non-fiction essays and scholarly treatises, poetry, and extensive correspondence with people from all walks of life—Independent Institute President David Theroux presents Lewis’s highly developed, Judeo-Christian philosophical insights into our relationship with power and human aspirations. From his declining an offer of knighthood to his keen essays such as “The Humanitarian Theory of Punishment,” C.S. Lewis’s timeless thinking provides rich insights into how to apply natural-law principles to our world and the challenges we all face today.

Applauded by many governments around the world as one of the cleanest initiatives for the generation of energy, the wind industry is also one of the most expensive and heavily subsidized, compared with other power generation alternatives. Ryan M. Yonk, Research Fellow at the Independent Institute, presents interesting and little-known facts, which demystify wind power's efficiency, cost, and benefits for the environment.

CONTENT OF THIS VIDEO:
00:00 Opening
00:10 History of Energy Policy
00:40 The True Cost of Wind
03:45 Federal Policies on Energy Subsidies
10:05 Federal Wind-Related Initiatives
12:05 Production Tax Credit
15:53 Cost of the Wind after Federal Policies
17:25 State Policies: Renewable Portfolio Standards
22:26 Total Costs
24:58 Social and Environmental Costs
27:38 Policy Implications
29:35 Closing

OTHER REFERENCES:
PREZI presentation in this link.

Read the full report The True Cost of Energy: Wind here.

About Ryan M. Yonk
Ryan M. Yonk is Research Fellow at the Independent Institute, Research Director for the Center for Public Lands and Rural Economics in the Department of Economics at Utah State University, and Assistant Professor of Political Science at Southern Utah University. He received his PhD in political science from Georgia State University.

Senior Fellow Ivan Eland is interviewed on CCTV America about security measures taken by the French Government during the COP21 Climate Change Summit in Paris. After terrorist attacks, France has reinforced borders, mobilized 120,000 police officers, and banned large marches that had been planned to coincide with the climate summit.

Research Fellow Randall Holcombe is a guest on the Larry Conners USA Radio Show on KTRS St. Louis. Holcombe discusses President Obama’s push for shorter prison sentences and why the move is a mistake. The war on drugs has been waged for 35 years. Drugs are impossible to control and their use should not be illegal, according to Holcombe. Transactions among consenting adults shouldn’t be prosecuted, he says. Only if property crimes or violence occurs, should drug users be prosecuted. Nov. 12, 2015

Robert Higgs discusses our most recent economic recovery and some thoughts on how Keynesians explain events in American economic history. Higgs is author of the book, Taking a Stand: Reflections on Life, Liberty, and the Economy (2015). Produced by Cato Institute Creative Commons Attribution-NonCommercial-ShareAlike 3.0 Unported License.

Robert Higgs Senior Fellow in Political Economy for the Independent Institute talks about his latest book Taking a Stand: Reflections on Life, Liberty, and the Economy (2015) in this interview conducted by Aaron Ross Powell and Trevor Burrus from Libertarianism.org

This podcast was produced by Libertarianism.org, a Cato Institute project. November 20, 2015.

Ivan Eland, Senior Fellow and Director of the Center on Peace and Liberty at the Independent Institute and author of No War for Oil is interviewed by Thom Hartman for The Big Picture on RT on the terrorist attacks in Paris. He discusses the endless cycle of terrorism in the Middle East and how France can avoid making the same mistakes.