Welcome to a week that included TikTok, March Madness and St. Patrick’s Day!
The House overwhelmingly passed legislation to ban TikTok:
But will it ever become law?
Trump said the quiet part out loud:
Insulin remains under threat:
Yes, Big pharma is suing the Biden administration for making insulin affordable. They say his actions are “unconstitutional“. It’s important to remember that they didn’t invent insulin and it is cheap to make.
The GOP’s double standard on documents:
The mystery surrounding Princess Kate isn’t going away:
Boeing is so badly broken it’s hard to see how it recovers:
March madness has many meanings:
Wrongo’s favorite St. Paddie’s Day cartoon:
The history of insulin is similar to that of many drugs. So the R&D is started with non profits (public funded labs) and eventually the drug companies make a killing. Insulin’s development continued over the last century so the insulin delivered in recent decades is not that delivered in 1950. Still this is not an example of government interceding in a private matter. Government funded much of the development, pays for the product via medicaid and medicare and we the people ultimately pay the bill.
This is nothing like the free market dreamt of by Adam Smith.