Tag: Regulation

Using Marketable Vouchers to Speed Up Drug Approvals »

The Food and Drug Administration recently approved a new drug for leishmaniasis, an extremely rare disease which is spread by sand flies in poor countries. Why would a for-profit company invest in inventing a drug for which there is no way to make a profit? The FDA offers a prize to any firm that...
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Common Core: Raising the Bar-barians »

“Barbarians at the gate.” That’s what Arizona Superintendent of Public Instruction John Huppenthal called opponents of Common Core national standards earlier this month. His remarks are symptomatic of just how far elected officials within and outside Arizona have strayed from our Constitution, which doesn’t even contain the word “education.” Supporters claim Common Core will...
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Gary S. Becker, R.I.P. »

I first met Professor Gary Becker (1930-2014) about 15 years ago, when he came to Oxford, Miss., to present a public lecture at the University of Mississippi sponsored by the Robert M. Hearin Foundation. My coauthor and then-colleague Bob Tollison and I breakfasted with him early on the morning of Dr. Becker’s visit, after...
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Government Failure.gov »

Headlining at Saturday night’s White House Correspondents’ Association dinner, the president garnered huge laughs over the fact that he’s destroying the American healthcare sector and has failed to provide an alternative: “Of course, we rolled out HealthCare.gov,” Obama said of his tough year in 2013. “That could have gone better.” “In 2008, my slogan...
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New Video with Ron Paul: “Defining Liberty: The Future of Freedom” »

How can Americans overcome record government spending and debt, escalating healthcare costs, intrusive federal surveillance, endless wars, ongoing economic malaise, high unemployment, failing schools, and increasing abuses of civil and economic liberties? In this superb, new video from the recent, sold-out event sponsored by The Independent Institute and The Smith Center for Private Enterprise...
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Number of Patient Payments to Healthcare Providers Up 72 Percent in 3 Years »

Although Obamacare’s health-insurance policies are shocking people by imposing very high deductibles, high deductibles alone are a feature, not a bug, of high-performing health insurance. In the absence of over-regulation of health insurance, every dollar a beneficiary pays directly to a healthcare provider, instead of to a health insurer as premium, reduces administrative and...
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Why Occupational Licensing Is Unjust, Unneeded, and Increases Income Inequality »

Employment gives people earned satisfaction and upward mobility. It can be especially fulfilling when a person is employed in their preferred field. But government policies often deprive some people of these benefits by establishing artificial barriers to employment. One such barrier is occupational licensure that prohibits employment in a specific occupation unless a would-be...
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The FDA’s Productivity and Consistency Have Collapsed in a Decade »

Joseph A. DiMasi, Christopher-Paul Milne, and Alex Tabarrok have written a devastating Report Card demonstrating how poorly the Food and Drug Administration (FDA) does its business. The FDA has a government-granted monopoly on deciding the safety and efficacy of new medicines. Nobody in America is allowed to choose to take a medicine not approved...
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Want to Start a Private Postsecondary School in California? Good Luck »

Not everyone wants to attend a traditional four-year college. A lot of people want to learn a trade and start a career immediately out of high school. Vocational schools have served these people in the past and helped them learn a trade in fields such as automotive repair, cosmetology, or nursing. Other people want...
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Employer-Based Health Insurance: “Job Lock” Is Not the Problem, “Insurance Lock” Is »

Over at The Incidental Economist, Austin Frakt is publishing an interesting series on “job lock”. This is the idea that, because most of us get our health benefits from our employers, we are “locked” into jobs we don’t like because they offer benefits which we do like (or need). We get our health benefits...
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