Yesterday, I shared part of an interview that focused on Mayor Pete Buttigieg’s scheme to give more subsidies to colleges, thus transferring money from poorer taxpayers to richer taxpayers.
Here’s the other part of the interview, which revolved around a very bad idea to copy nations that impose price controls on prescription drugs.
In some sense, this is a debate on price controls, which have a long history (going all the way back to Ancient Rome) of failure.
But my comments focused primarily on the adverse consequences of Pelosi’s approach.
And if you want more details, Doug Badger explained how Pelosi’s approach would backfire in a report for the Heritage Foundation. He starts with an explanation of the legislation.
The Lower Drug Costs Now Act of 2019 (H.R. 3), introduced last week with the backing of House Speaker Nancy Pelosi, D-Calif., would double down on the failures of…
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Utopia, you are standing in it! 
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