Price Controls

Another Aspect of the Dem Disaster: Drug Price Controls

Featured image We have not yet taken the measure of the disaster that is the Democrats’ “Inflation Reduction Act,” perhaps the most absurdly named statute ever. One element of the law that has not gotten enough attention is its imposition of price controls on pharmaceuticals. Price controls are always, and everywhere, a terrible idea. When you apply price controls to a vital product like drugs, the results could be catastrophic. At Real »

California Keeps Digging

Featured image The “First Law of Holes” (“If you’re in one—stop digging”) is usually attributed to the late British politician Denis Healey, but whatever. One thing is certain: California never heard of the First Law of Holes. • Item, from the Washington Post a while back: The One Issue Every Economist Can Agree Is Bad: Rent Control By Megan McArdle There aren’t that many things you can get economists to agree on. »

Trump battered, but is he bruised?

Featured image Marco Rubio and Ted Cruz, their campaigns in danger of extinction within a month, came out swinging at Donald Trump tonight. Many of their lines of attack have not been used in previous debates, as far as I can recall. Here is a list of tonight’s attacks, new and old, that I compiled: Trump has hired illegal workers and was fined $1 million for doing so. Trump ran a “fake »

Pop Quiz: Does the U.S. have fast internet because of regulation, or in spite of regulation?

Featured image One of the crazy things that you have to believe when you are a liberal is that you can correctly predict which technologies are in need of regulation by the federal government. You will frequently get this wrong in a somewhat inoffensive fashion–see seatbelts, which are potentially idiotic; and airbags, which came along a few years later and are brilliant–causing little more than annoyance and higher prices for companies and »