What is the “correct” price of pharmaceutical drugs? With such a heavily regulated drug market, it’s impossible to know, although Jeffrey Sachs thinks he knows. In Mises Daily, Timothy Terrell explains the problems and extra expenses fostered by the American regulatory state in the drug market. After we sift through all the intellectual property rules, the FDA regs, and the government subsidies, we might get an idea of what’s behind drug prices.
5:46 pm on August 21, 2015
