link: http://ift.tt/1jaUDvL
Hot And Trending...
Trending
- November report "Is it True, as David Hume (1711 – 1776) postulated that, "Nothing is esteemed a more certain sign of the flourishing conditions of any nation than the lowness of interest"?" published. https://bit.ly/2y4LJZQ
- http://bit.ly/2xuyNea
- Some have speculated Germany wants the gold at home in the event of a breakup of the EU and a collapse of the euro. http://bit.ly/2xfQO0f
- JP Morgan does not understand that it's not just about where interest rates are now that is the problem, but about how much higher they are going, and how quickly they will get there!
- Puerto Rico Is the Only Place in World where Americans Can Be Free (Video) @SchiffGold http://bit.ly/1PBTGHv
- The Bigger the Bubble, The Fewer People See It
- Ep. 322: Economic Alice in Wonderland: http://bit.ly/2necG95 via @YouTube
- Russia has passed China to become the world’s fifth-largest gold-holding country. http://bit.ly/2CJzi6l
- Fed Up Friday – The markets may be betting for a Fed rate hike that will never arrive: https://t.co/jdHrYJEEwK https://t.co/4XtNUhZO7D
- Goldman pointed to several fundamental weaknesses it sees in cryptos that make gold a better long-term value. http://bit.ly/2z6Nt7l
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?