Posts by Raymond J. March
Raymond J. March is a Research Fellow at the Independent Institute and Assistant Professor of Agribusiness and Applied Economics at North Dakota State University.
To Battle Covid-19, Cut Regulation!


Nearly three weeks ago, the United States reported 230 confirmed cases of the Covid-19 virus and a dozen fatalities. On March 24, the United States reached 64,645 confirmed cases and 908 deaths. In New York City the death toll hit 192. As anyone with a TV or digital news feed knows, the virus is...
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Favor Local Action to Combat the Coronavirus


Three months ago, the novel coronavirus first appeared in Wuhan, China. Now, it is considered a global pandemic. As of March 18th, the virus has infected over 169,000 individuals, resulting in 8,732 deaths—and counting. The United States as of this writing has approximately 7,769 confirmed cases of the coronavirus and at least 125 related...
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FDA Acknowledges Coronavirus Is Causing More Drug Shortages


The first outbreak of the coronavirus occurred in China nearly two months ago. The disease quickly spread through the country. As of March 5th, the coronavirus is responsible for over 80,000 confirmed cases and nearly 3,400 deaths across China. Globally over 98,000 people are infected, resulting in nearly 4,000 deaths. At this time, the...
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FDA’s Approval of Generic Daraprim Offers Lessons on Drugs Prices


In 2015, Turning Pharmaceuticals CEO Martin Shkreli increased the price of the drug Daraprim nearly 5,000 percent from $13.50 to $750 per pill. The price hike generated widespread outrage, earning Shkreli the moniker “Pharma Boy” and the designation, “pharmaceutical greed villain.” Daraprim became “the poster child for the issue of high drug prices.”

Who Should Regulate Tobacco Products? Less Is More!


Over the past year, the Food and Drug Administration undertook a “historic crackdown” of the e-cigarette industry. Recent bans on selected e-cigarette flavors are certainly a step in this direction. With promises for “aggressive action” by FDA Commissioner Stephen Hahn, more heavy-handed regulations are likely to follow. The FDA certainly has increased its regulatory...
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FDA Expands Ecstasy Access to Veterans with PTSD


In 2006, Johnathan Lubecky was deployed to Iraq. While fighting for his country, Johnathan faced constant enemy strikes, one of which resulted in a traumatic brain injury. Exposures to the horrors of war resulted in Johnathan developing post-traumatic stress disorder (PTSD).

Politicians Still Misunderstand High Insulin Prices


In 2015, the Centers for Disease Control ranked diabetes seventh among the leading causes of death in the United States. If current trends continue, skyrocketing death rates and other serious consequences of poorly managed diabetes will continue. Managing diabetes is challenging, often requiring strict dieting, regular exercise, and taking a variety of medications. For...
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Are More Vaping Bans Coming Soon? Let’s Hope Not!


Over the past year, the Food and Drug Administration has seemed determined to “wipe out the entire vaping industry.” As former FDA Commissioner Scott Gottlieb, who spearheaded much of the current anti-vaping movement,” notes: “the FDA is so concerned about the dangerous effects of e-cigarettes on American youth that the products may have to...
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Will FDA Approve Biogen’s Promising New Treatment for Alzheimer’s?


We’re only a few weeks into the new year, and the Food and Drug Administration will soon make a decision that will affect pharmaceutical regulation for decades. Last year, after failing an FDA-required futility test, Biogen abandoned its efforts to develop an Alzheimer’s treatment named aducanumab. However, after conducting an analysis using an expanded...
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Only Markets Can Alleviate Drug Shortages


The American Heart Association finds that over 1 million heart attacks occur in the United States every year. Fourteen percent of all heart attacks are fatal. Many heart attacks and other cardiovascular issues result from heart disease, which is even more common (and often more deadly). When a heart attack happens, victims need immediate...
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