Postcovid America: Racked by Inflation, Americans Pay Too Much for Drugs

Tags: Corporate Welfare, Cronyism and Corporatism, Price Controls

05/11/2022 Antony Sammeroff

The patent system in pharmaceuticals incentivizes firms to game the system for monopoly profits.

Original Article: “Postcovid America: Racked by Inflation, Americans Pay Too Much for Drugs“

This Audio Mises Wire is generously sponsored by Christopher Condon.

What is the Mises Institute?

The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard.

Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property order. We believe that our foundational ideas are of permanent value, and oppose all efforts at compromise, sellout, and amalgamation of these ideas with fashionable political, cultural, and social doctrines inimical to their spirit.

Become a Member