The federal government does countless things that increase prices for pharmaceuticals. If Trump wants to reduce drug prices, there are several steps he can take and steps that he should push Congress to take. Price controls are never the answer.
MARKETS
IMF SDRs and The Illusion of Inflationary Prosperity
SDRs are simply a mechanism by which to increase global currencies to meet the demands of governments to spend more than they are able to either collect in taxes or borrow from domestic and international creditors. It is a way for governments to continue to live and spend beyond their means.
The Moral Case for Globalization
Globalization is the relatively free movement of people, things, money, and ideas across natural or political borders.
How Can Profits Be Moral?
Many people have a dim view of profits; they see them as the result of immoral exploitation by business for selfish gain.
A Ten Point Analysis of The Trump-Bessent Plan to Reduce the U.S. National Debt
Objectivist Jim Brown opines on DOGE, deregulation, drill baby drill, tariffs, lower taxes, Immigration, a lower dollar exchange rate, lower interest rates, restructuring US Debt, & monetizing US assets, possibly through a sovereign wealth fund.
The Moral Case Against Tariffs – and for Free Trade
According to Rand, then, tariffs are destructive because they are a form of physical coercion by the government. They violate the citizens’ freedom to choose with whom to trade and on what terms and thus limit their ability to pursue their lives.
Do Reciprocal Tariffs Double-Down on Protectionism, or Promote Free Trade?
Economically, unilateral free trade remains beneficial even in the face of foreign tariffs.
Tariffs Don’t Save Industries — Free Markets Do
America’s industrial capacity is today at an all-time high — and not because of tariffs.
Protectionism and the Fallacy of Composition
Protectionism can’t enrich the country as a whole, only boost certain individuals and industries while impoverishing the rest.
Progress In a Free Economy
The Industrial Revolution has allowed mankind to improve his environment.
Why Do Business Leaders Appease Their Enemies?
The fundamental reason for appeasing the critics of business is that company executives lack the moral argument for defense. As Ayn Rand argues in ‘The Sanction of The Victims,’ most business leaders have accepted the moral code of altruism.
Time To Privatize the United States Postal Service
Decades of ossification, political interference, and financial losses have left USPS in unsustainable position.
Bitcoin Bests $100,000
If Bitcoin is someday supplanted by another digital asset offering indisputable improvements, its foundational role in seeding and anchoring the cryptocurrency asset class — and in driving trillions of dollars of investment into similar and related assets and enterprises — will remain as significant, if not more so, than its contributions to the present.
Killing Thousands of Jobs: California’s Fast-Food Minimum Wage Law
California’s minimum wage law for fast-food workers is, like any such law, a price floor; it is a price control on labor.
Walgreens, Mass Closures, and the Power of Incentives
Despite Walgreens being ranked as one of America’s most trusted brands, with a rich history dating back to 1901, 500 stores are slated to shut their doors in 2025 with more closures to come in the years following.
Insights on The Benevolent Nature of Capitalism
By the “benevolent nature of capitalism,” I mean the fact that it promotes human life and well-being and does so for everyone.
Tariffs Don’t Save Industries — Markets Do
In reality, America’s industrial capacity – the ability of the American economy to produce value in the form of industrial outputs – is today at an all-time high.
Establishment of Gold as Money (Part 6 of 10)
The establishment of gold as money is essential to the achievement of a capitalist society.
The Freedom of Production and Trade Under Capitalism (Part 3 of 10)
An appropriate vehicle for the establishment of the freedom of production and trade, whether all at once or gradually, would be the establishment of one last regulatory-type agency: the Deregulation Agency.
Ludwig von Mises: Defender of Capitalism
Ludwig Von Mises is important because his teachings are necessary to the preservation of capitalism and thus of civilization.
U.S. Tariffs Benefit The Politically Connected at The Expense of Honest Americans
The best way to address unfair trade practices is not through blanket tariffs but by expanding trade with allies and non-hostile nations.
The “Joy” of Rationing and Price Controls: Kamala Harris vs. The Price Gougers
There is a lack of public comment and debate about Kamala Harris’s call for price controls on groceries and rents, the most stunning and frightening policy proposal made in my lifetime.
Free Markets, and Not Statist Regulators, Should Decide The Fate of Google
The DOJ’s case against Google is a moot point and waste of taxpayer dollars.
Free Market Fundamentals and NatCon Inconsistencies
Endorsing individuals’ freedom to trade with foreigners is simply of a piece with the more general endorsement of individuals’ freedom to trade with whomever they please, whether fellow citizens or not. The protectionist position, in contrast, invariably relies upon arbitrary distinctions that ensnare protectionists in intellectual and ethical inconsistencies.
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