{"id":26100,"date":"2022-08-05T11:25:02","date_gmt":"2022-08-05T15:25:02","guid":{"rendered":"http:\/\/cfif.org\/v\/freedom_line_blog\/?p=26100"},"modified":"2022-08-10T09:13:49","modified_gmt":"2022-08-10T13:13:49","slug":"image-of-the-day-prescription-drug-prices-arent-the-inflationary-problem","status":"publish","type":"post","link":"https:\/\/cfif.org\/v\/freedom_line_blog\/26100\/image-of-the-day-prescription-drug-prices-arent-the-inflationary-problem\/","title":{"rendered":"Image of the Day:  Prescription Drug Prices Aren&#8217;t the Inflationary Problem"},"content":{"rendered":"<p>As Senators Joe Manchin (D &#8211; West Virginia) and Kyrsten Sinema (D &#8211; Arizona) betray their &#8220;moderate&#8221; charade and join Senate Majority Leader Chuck Schumer&#8217;s (D &#8211; New York) latest <a href=\"https:\/\/cfif.org\/v\/index.php\/commentary\/43-taxes-and-economy\/6010-manchin-flip-flops-on-build-back-better-tax-increases\">tax-and-spend monstrosity<\/a>, <a href=\"https:\/\/cfif.org\/v\/index.php\/commentary\/56-health-care\/5992-drug-prices-remain-moderated-but-democrats-nevertheless-push-destructive-price-controls\">we&#8217;ve highlighted<\/a> the preposterousness of the claim that imposing drug price controls will in any way address out-of-control inflation.\u00a0 Price controls will kill innovation, but do nothing to reduce inflation, because prescription drug prices simply aren&#8217;t the problem.\u00a0 Once again, economist <a href=\"https:\/\/mailchi.mp\/a488b11f3f21\/unleash-prosperity-hotline-866944?e=313568bbd7\">Steve Moore<\/a> offers a handy illustration of that truth:<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"\" src=\"https:\/\/mcusercontent.com\/dc8d30edd7976d2ddf9c2bf96\/images\/ec5d50fe-6613-e8b9-0c00-52a5e73e4199.png\" alt=\"Prescription Drug Costs Aren't the Problem\" width=\"554\" height=\"472\" \/> Prescription Drug Costs Aren&#8217;t the Problem<\/p>\n","protected":false},"excerpt":{"rendered":"<p>As Senators Joe Manchin (D &#8211; West Virginia) and Kyrsten Sinema (D &#8211; Arizona) betray their &#8220;moderate&#8221; charade and join Senate Majority Leader Chuck Schumer&#8217;s (D &#8211; New York) latest tax-and-spend monstrosity, we&#8217;ve highlighted the preposterousness of the claim that imposing drug price controls will in any way address out-of-control inflation.\u00a0 Price controls will kill [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[1251,500,2871,2872,4805,5068,3738],"class_list":["post-26100","post","type-post","status-publish","format-standard","hentry","category-posts","tag-drugs","tag-inflation","tag-intellectual-property","tag-ip","tag-pharmaceuticals","tag-prescription-drugs","tag-price-controls"],"_links":{"self":[{"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/posts\/26100","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/comments?post=26100"}],"version-history":[{"count":5,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/posts\/26100\/revisions"}],"predecessor-version":[{"id":26106,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/posts\/26100\/revisions\/26106"}],"wp:attachment":[{"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/media?parent=26100"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/categories?post=26100"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/tags?post=26100"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}