link: http://ift.tt/1jaUDvL
Hot And Trending...
Trending
- March report "How Revolutions, Wars and Plagues are Harbingers of 'Great Changes' in Societies and in Economics" published. http://bit.ly/2y4LJZQ
- Myths about the "owners of capital"
- #JanetYellen said the Fed's jobs is to make sure jobs are available for those who want them. Just how is the Fed supposed to do that?
- Barter Economy Growing in Cash-Strapped Greece @SchiffGold http://bit.ly/1KEZCjZ
- Universal Healthcare
- Influential investors predict a recession within the next year and see gold as the best currency to have on hand: https://t.co/hHa5b5XHNu
- Virtual Economic Theory. I believe its understanding of value and opportunity cost are incorrect. Thoughts?
- @Carl_C_Icahn You're right but your analogy is wrong. The Fed has not been giving the economy medicine, but administering monetary heroine!
- Central Banks Don't Dictate Interest Rates
- Which States Rely Most on Federal Spending?
Wednesday, September 23, 2015
CEO who raised price of drug by 5000%
I know everyone is hating on this guy, but here is my view on the whole thing. So yeah this guy may be a prick, but from purely an economic sense, what he did might not be so terrible. The patent that Turing Pharmaceuticals purchased is for Daraprim, and from what I know, the patent is actually expired, all he bought was the right to sell the branded drug. No one is producing it generically - yet. With the massive price hike surely some pharmaceutical companies will come in with generic versions of Daraprim and undercut Turing's prices and increase supply until there is competitive equilibrium. What do you think?