Sam Kazman of the Competitive Enterprise Institute has an analogy for proposed laws to allow reimportation of pharmaceuticals that have been exported to price-controlled territories: they are like rent control.

Anyone familiar with rent control, characterized by the economics profession as "the most efficient technique presently known to destroy a city—except for bombing," knows that Kazman does mean this as a tribute to the rationality of reimportation.

posted by James DeLong @ 7:25 AM | Pharma

Link to this Entry | Printer-Friendly | Email a Comment | Post a Comment(0)