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- March report "How Revolutions, Wars and Plagues are Harbingers of 'Great Changes' in Societies and in Economics" published. http://bit.ly/2y4LJZQ
- The Aug. Empire State Manufacturing Index plunged to -14.92, its lowest level since April 2009, missing expectations by the most since 2010!
- The Atlanta Fed just dropped its Q3 GDP estimate to 2.2%, down for 3.8% a month ago. The Fed's alleged case for a rate hike is fading fast!
- March report “The Dilemma between the ethical and virtuous versus the pragmatic and opportunistic capitalistic System" published. http://bit.ly/2y4LJZQ
- #Obama peddling more fiction. He's taking credit for job creation when 88% of jobs created in Fed. were part-time, & 80% paid minimum wage!
- In memory of my father Irwin Schiff, who died 1 year ago today, listen to this radio show aired on Father' Day 2005. https://t.co/dpLBvG6CZu
- Carl Icahn is right, but his analogy is wrong. The Fed has not been giving the economy medicine, but administering it monetary heroine!
- Wilhelm Röpke: The Economist Who Stood Up To Hitler
- Peter Schiff, now in 60FPS!
- New Tax-Free Gold & Silver Buying Guide & $10K Reporting Myth @SchiffGold https://t.co/4zRcwito0Q
Wednesday, September 23, 2015
I'm sure you've heard of Daraprim, the drug whose price skyrocketed recently...
...After the rights to sell it under that name were bought. What I'm wondering is why the price has skyrocketed without significant government intervention. Or is the right to sell under that name enough to keep competition out? Seems implausible. Presumably, competition would decrease the price, so what's keeping entrants from the market?