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Tag Archives: price

Why Price Controls Will Result in Fewer Life-Saving Drugs | Daniel J. Mitchell

Last November, I criticized Nancy Pelosi’s scheme to impose European-style price controls on pharmaceutical drugs in the United States. I wasn’t the only one who objected to Pelosi’s reckless idea. We have 40 centuries of experience demonstrating that price controls don’t work. The inevitable result is shortages and diminished production (sellers won’t produce sufficient quantities of a product…

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