David R. Henderson is a Research Fellow at the Independent Institute, an Associate Professor of Economics at the Naval Postgraduate School, and a Research Fellow at the Hoover Institution at Stanford University. He received his Ph.D. in economics from the University of California, Los Angeles.
The more drugs on the shelf, the better. For many years, high drug prices have raised the ire of politicians of all stripes, from Donald Trump to Bernie Sanders, with many others in between. The proposed solutions almost always focus on the final step in the drug development and marketing process: the sale of the...
By David R. Henderson, Charles L. Hooper, Solomon S. Steiner
My wife and I spend over $400 a month for groceries at our local Safeway. Yet those rascals at Safeway buy nothing from us. We have an annual trade deficit with Safeway of over $5,000. Does this sound absurd? It should. In an economy with millions of vendors to buy from, the idea that I...