Demand curves are downward sloping. There I said it! It’s apparently controversial to many public health advocates and Members of Congress. All the while, supply curves slope upward. If you don’t know what I’m talking about you should not have slept through your Econ 101 class in college. You can boil this down to “people buy less when prices rise” and “incentives matter.”
Category: Drug Prices & Regulations
Wednesday Links
- “We estimate the costs of lockdowns were at least 10 times higher than the public health benefits. Fewer than 10.000 lives were saved but hundreds of thousands of lives were lost, while the economic and educational losses are in the multiple trillions of dollars.”
- For $500,000, you can have a meal in space.
- A Republican bill would ban DEI in medical schools: No racist teaching; no racial discrimination; no loyalty oaths; and no DEI offices. (WSJ)
- Viagra could be good for your brain.
- During the pandemic, Paxlovid was free — courtesy of the federal government. Now it cost $1,600.
- Why is Oprah Winfrey shilling for Eli Lilly?
Wednesday Links
- Kaiser does a deep dive into doctors billing for email.
- Of eight states that have not recovered job losses for Covid, seven are blue.
- Joe Biden’s budget: like the original (2020) budget, this one would lower output and worker wages. Also the $400,000 threshold (below which no taxes) is not indexed—so eventually the Biden taxes will reach everyone on the income ladder.
- Biden’s budget v. the House Republican budget.
- A completely bureaucratic view of when patient preferences should be honored.
- Claude 3 Opus Fails Steve Landsburg’s Economics Exam.