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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?
- Universal Healthcare
- CNBC claims weak GDP must be wrong as job growth is strong. But given other weak economic data maybe it's the jobs numbers that are wrong!
- 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
- Actual income tax protesters
- The Aug. Empire State Manufacturing Index plunged to -14.92, its lowest level since April 2009, missing expectations by the most since 2010!
- Virtual Economic Theory. I believe its understanding of value and opportunity cost are incorrect. Thoughts?
- Check out my interview about gold, inflation, and government propaganda on MSNBC http://bit.ly/1IzU4VE
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?