ICYMI – part two of our interview with Lawrence J. McQuillan, Senior Fellow and Director of the Center on Entrepreneurial Innovation at the Independent Institute and author of CALIFORNIA DREAMING: Lessons on How to Resolve America’s Public Pension Crisis. (originally aired July 18th, 2015)

“In California Dreaming, McQuillan provides a beautiful case study of the way politics operates to produce public pension policies based on an insidious form of hidden deficit finance that harms future generations and undermines sound policies today. We may hope that his trenchant analysis of California’s problems will serve as a guide to much needed reform of local, state and federal government policies.” —Edgar K. Browning, Professor Emeritus of Economics, Texas A&M University