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Thursday, March 31, 2005

Drug Reimportation

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

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