Thursday, December 13, 2007

Regulation and protectionism can be a deathly combination

or at least prolonged headache (via Alex Tabarrok):
But the government has fallen once and threatens to fall again at every difficult vote. Small proposals bring protesters to the streets, one hurdle to making changes as protected interests seek to preserve themselves. Pharmacists shut their doors this year when the government threatened to allow supermarkets to sell aspirin. The cost for just 20 aspirin tablets at a pharmacy is $5.75.
I can't believe that there are educated folks in America that want similar health care "solutions" that Europe has.

Oh wait, they were educated in American universities. Never mind.

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