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clay anderson ๐Ÿ‡บ๐Ÿ‡ฆ๐Ÿ‡ฎ๐Ÿ‡ฑ๐Ÿ”ฐ๐Ÿฅ‘๐ŸŒ๐Ÿšฒ๐Ÿ—ฝโ˜ข๏ธ

@ekennedy80 @krenaud @rbreich That doesn't make sense. You don't want to distort equilibrium prices as that creates dead weight loss. You just want to give people money.

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clay anderson ๐Ÿ‡บ๐Ÿ‡ฆ๐Ÿ‡ฎ๐Ÿ‡ฑ๐Ÿ”ฐ๐Ÿฅ‘๐ŸŒ๐Ÿšฒ๐Ÿ—ฝโ˜ข๏ธ

@ekennedy80 @krenaud @rbreich if people have a hard time affording the necessities of life, give them MONEY. don't make things artificially cheap, as that creates deadweight loss. this is all well established econ.
medium.com/effective-economics

if there's a *market failure*, e.g. a monopoly, then by all means fix that by breaking it up. but don't *create* a market failure by distorting the equilibrium price of goods or services.

Krister Renaud

@ekennedy80 @rbreich @cshentrup big pharma makes lots of profits in other countries with much lower prices. Why should oligopolies be unregulated when they obviously abuse their position?
A 10ml vial of insulin (lispro/Humalog) is $16 here in Sweden, 5 KwikPens cost $22 to customer. (These prices are before state subsidies)

The US prices are $82/vial and $159 for 5 KwikPens.

Krister Renaud

@ekennedy80 @rbreich @cshentrup the antiemetic medication I take before cancer treatment is $48/pill. In the US it costs over $700 per pill.

Bigsmiffy

@cshentrup @ekennedy80 @krenaud @rbreich

Thatโ€™s just bonkers.
Moderna doesnโ€™t charge other countries that much, because single layer and regulatory forces make drugs cheaper.

No we donโ€™t have to break up Moderna, that would mean fewer drugs we can however regulate the ,market effectively
Y

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