The destructive evil of price controls

posted by
August 8, 2011
Independent Institute
by Anthony Gregory  
Posted in Commentary

"There is a shortage of cancer drugs, due to the federal government’s price controls. Being a matter of life and death, this is a tragedy of considerable proportions. At the same time, it is completely predictable. There is no reason an intelligent person who has read even the most basic level of economics should not forever grasp the inevitability of such a result. Yet the Obama administration seeks to extend this destructive program to more drugs via Medicare D." (08/08/11)  

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