Tag: market competition
Let Competition, Not the FDA, Resolve the EpiPen Shortage

The only reliable remedy to mitigate shortages of any product is to allow competition in the market.

Shiller’s Irrational Faith in Government Regulation

In a recent New York Times piece, economist Robert Shiller built an argument that was a non sequitur resting on two false premises. Specifically, Shiller argued: (Premise 1:) Economics courses teach students that market outcomes are “Pareto optimal.” (Premise 2:) In reality, market forces lead to systematic deception and manipulation of the public. (Conclusion:)...
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