August 5th, 2022 11:25 am
Image of the Day: Prescription Drug Prices Aren’t the Inflationary Problem
As Senators Joe Manchin (D – West Virginia) and Kyrsten Sinema (D – Arizona) betray their “moderate” charade and join Senate Majority Leader Chuck Schumer’s (D – New York) latest tax-and-spend monstrosity, we’ve highlighted the preposterousness of the claim that imposing drug price controls will in any way address out-of-control inflation. Price controls will kill innovation, but do nothing to reduce inflation, because prescription drug prices simply aren’t the problem. Once again, economist Steve Moore offers a handy illustration of that truth:
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