- FDA approves Florida plan to import drugs from Canada.
- Nearly 53,000 more people died in the UK last year above the normal rate of mortal attrition. These excess deaths coincided with 38 days of strikes by doctors.
- Given low price inflation, why is unemployment so low? Because the Phillips Curve is based on wage inflation, not price inflation.
- What could kill the Schumer/McConnell/Johnson budget deal? A “poison pill” AKA an “abortion pill.”
Category: News and Events
Hearing Loss (and Poverty) Correlated with Dementia
A cohort study of 573,088 people from Southern Denmark found an increased risk of dementia in those who experience hearing loss.
Saturday Links
- Sally Pipes on the House Republican health bill.
- The American prisoner/homicide ratio is about average for the First World, whereas the number of police per homicide is very low. Recommended
- Scientists discover a new tool to combat drug-resistant bacteria.
- Eli Lilly to sell its weight loss drug directly to patients.
- Biden gives federal workers a 5.2% pay raise. Social Security retirees are getting only 3.2% cost of living increase.
- Where are the new jobs? Health care and government work top the list.
Drug Reimportation Approved in Florida (but it’s unlikely to work)
The United States has a robust drug industry and Americans have access to a wide range of prescription drugs. However, drug prices are far higher in the U.S. than many other countries. The U.S. drug pipeline operates on what economists call price discrimination, charging some customers (countries) more than others.