Big Government Will Lower Our Drug Prices!!

Isn’t it funny (not funny ha ha) that our government is the only one who is never to blame for price increases or shortages of any kind. It’s always Big Oil, the military industrial complex, etc. Or in this case, evil Big Pharma. We can’t name one industry that doesn’t get blamed for these occurrences (except of course, Big Education), yet the government, with its penchant for artificially picking winners and losers, escapes all scrutiny. We’re about to see it happen again. And when it has the opposite effect, we’ll all be instructed to once again blame “Big Pharma.”

from Human Events:

“Cold” Medicine: Canadian Drug Imports Will Cost Americans

The solution to drug prices is ending freeriding, not buying Canadian

In the hopes of lowering the cost of prescription drugs for Americans, the Trump Administration announced plans in late July to draft a proposal for the importation and sale of prescription drugs from Canada. The announcement was overshadowed by House Speaker Nancy Pelosi’s drug pricing bill and the bipartisan package before the Senate in September—but is a cause for concern, nonetheless. A dozen statesCongress—even the Trump Administration, despite initial opposition—are now considering such legislation.

If “buy-Canadian” doesn’t sound like a policy consistent with Trump’s platform of putting Americans first, that’s because it isn’t. Importing drugs from Canada is an ineffectual and counterproductive policy. President Trump had it right the first time. The prohibitive drug prices that Americans deal with are not solely caused by pharmaceutical companies; they are primarily the product of a failure of government policy.

Instead of artificial fixes, the Trump Administration should directly address the global freeloading and regulatory glut that’s costing Americans—both in dollars and lives. read more

Strong-Arm Dictator vs. Strong-Arm Regulation

 

by: the Common Constitutionalist

Last Saturday (the 9th) USA Today, or as Jay Severin calls it, Mcpaper, posted an article on the effective nationalization or government takeover of what they described as Venezuela’s equivalent to Best Buy. The chain stores name is “Daka” and has five stores located in Venezuela.

 

USA Today reported that the president of Venezuela, Nicholas Hussein Maduro (just kidding. I added the Hussein) ordered a military “occupation” of the stores and commanded that the company charge its customers “fair” prices.

 

Evidently shoppers rejoiced at the news. One customer looking for a plasma TV said, “It’s going to be so cheap”. She waited seven hours outside the Caracas store. I don’t think she was asked if she had adequate electricity to run her new TV, what with constant rolling blackouts thanks to Hugo Chavez’s nationalization of energy production and distribution.

 

Many believe this is just a political stunt designed to boost Maduro’s sagging poll numbers running up to their December 8 election.

 

As happens with such regimes that take over whole industries, shortages soon follow as it has in Venezuela. Shortages of basics such as toilet paper and milk, coupled with an inflation rate of over 54%.

 

USA Today reports that their currency is expected to be devalued soon after the election, which will probably then lead to hyperinflation. This will lead to much higher prices and further shortages.

 

Okay, so it’s Venezuela. So what? It’s not like those types of things could ever happen in America; where the government effectively sets selling prices for private companies, right? Wrongo! In fact, as is often the case, it has happened in America and history could very well repeat itself. read more