What’s a New Drug Worth?

In a a juxtaposition of events that redefines the meaning of “coincidence,” President Trump announced a new policy for prescription drug pricing this morning, and the the Spring 2025 issue of the Journal of Economic Perspectives, released three days ago on Friday morning, begins with a four-paper symposium on drug pricing. (Full disclosure: I work…

What’s a New Drug Worth?

New Rule: The Not-Working Class | Real Time with Bill Maher (HBO)

“A Circus-Like Atmosphere”: Nessel Drops Charges Against University of Michigan Anti-Israel Protesters

Roughly a year ago, Michigan Attorney General Dana Nessel made a splash in the press after she brought charges against anti-Israel protesters at the University of Michigan. The move followed a refusal of liberal local district attorneys to prosecute the cases despite clear criminal conduct. Now, as violent and disruptive protests are again rising on […]

“A Circus-Like Atmosphere”: Nessel Drops Charges Against University of Michigan Anti-Israel Protesters

“An Act of Solidarity”: Sotomayor Calls for Lawyers to “Fight this Fight” in Controversial Speech

Justice Sonia Sotomayor has previously been criticized for making public comments that some viewed as overly political or partisan, including telling law students to organize in favor of abortion rights. This week, the Justice has triggered another controversy in calling for lawyers to “fight this fight,” presumably against the Trump Administration.

“An Act of Solidarity”: Sotomayor Calls for Lawyers to “Fight this Fight” in Controversial Speech

Why Is the US Economy Surging Ahead of the UK?

The US economy has emerged from the pandemic growing at a faster pace than the UK and other high-income countries. Simon Pittaway tackles the question of why in “Yanked away: Accounting for the post-pandemic productivity divergence between Britain and America” (Resolution Foundation, April 2025). The average standard of living in any economy, over time, will…

Why Is the US Economy Surging Ahead of the UK?

Turley Testifies on Over-Criminalization Before the House Judiciary Committee

Today, I will be testifying on the over-criminalization of federal law before the Subcommittee on Crime and Federal Government Surveillance Committee on the Judiciary. The testimony (linked below) is part of a hearing titled “Criminalizing America: The Growth of Federal Offenses and Regulatory Overreach.”

Turley Testifies on Over-Criminalization Before the House Judiciary Committee

Tabarrok on the Movie Tariff

The Hollywood Reporter has a good piece on Trump’s proposed movie tariffs: Even if such a tariff were legal — and there is some debate about whether Trump has the authority to impose such levies — industry experts are baffled as to how, in practice, a “movie tariff” would work. “What exactly does he want […]

Tabarrok on the Movie Tariff

The best tariff threat is one you do not have to use

Following up on an earlier post, Reciprocal tariffs as a tit-for-tat strategy in a repeated prisoners’ dilemma From NY Times:Trump imposed, quickly withdrew and then threatened to bring back huge tariffs on dozens of countries. Immediately, they began calling and asking what they could do to stop him. “More than 100 countries have already come to…

The best tariff threat is one you do not have to use

Squatter Syndrome: How the Inefficiencies of Our Legal System Are Making a Mockery of Our Immigration Laws

It was once said that possession is nine-tenths of the law, an acknowledgement that the possessor of property generally has the advantage in keeping it. This principle has been taken to absurd extremes in some squatter cases, where people invade homes and then demand the right to stay pending long legal challenges. Today, under both […]

Squatter Syndrome: How the Inefficiencies of Our Legal System Are Making a Mockery of Our Immigration Laws

New Rule: Flirting with Fascism | Real Time with Bill Maher (HBO)

The price of “free” healthcare is the wait

While healthcare in Canada’s single-payer health care system is technically free, its real price is measured in wait times.  In 2023, the median wait time from a general practitioner’s referral to treatment reached 27.7 weeks—the longest ever and nearly triple the 9.3 weeks reported in 1993. (MuskegonPundit) To see this, think of “free” as…

The price of “free” healthcare is the wait

Trump proposes 100% tariff on movies shot outside the United States

Here is one link.  Of course the proposal is not easy to understand.  If it is a Jason Bourne movie, do they add up the number of scenes shot abroad and consider those as a percentage of the entire movie?  Does one scene shot abroad invoke the entire tariff?  o3 guesstimates that about half of […]

Trump proposes 100% tariff on movies shot outside the United States

Has international travel to the U.S. really collapsed?

But despite some ominous signs, a close look at the data shows that travel to the United States is largely holding up — at least so far. Nearly as many foreign travelers have arrived at American airports this year than during the same period last year, according to an analysis by The New York Times […]

Has international travel to the U.S. really collapsed?

Democracy in danger

Germany’s domestic intelligence agency on Friday designated the far-right Alternative for Germany party, or AfD, as an “extremist endeavor,” a move that lowers hurdles for the spy agency in conducting certain kinds of surveillance on the party, the second-largest in Germany’s parliament. In a statement, the intelligence agency said the designation was “due to the […]

Democracy in danger

Monologue: Toys “R” Sus | Real Time with Bill Maher (HBO)

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David Andolfatto

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NOT A LOT OF PEOPLE KNOW THAT

“We do not believe any group of men adequate enough or wise enough to operate without scrutiny or without criticism. We know that the only way to avoid error is to detect it, that the only way to detect it is to be free to inquire. We know that in secrecy error undetected will flourish and subvert”. - J Robert Oppenheimer.