In City Journal, Joel Zinberg reflects on U.S. President Joe Biden’s boastful claims about the impact of drug-price controls in his Inflation Reduction Act. Zinberg examines the real effects of clamping down on drug prices, which include fewer new life-saving products coming to market and an ever-larger federal bureaucracy stifling the pharmaceutical industry.

Javier Milei Makes Fools of the “Experts”
As it began looking like Javier Milei might actually be elected President of Argentina, more than 100 leading international economists warned that this “far-right” political “wrecking ball” would “cause ‘devastation,’ spike inflation, expand poverty, and unemployment.” But as David Harsanyi relates in the Washington Examiner, Milei has tamed inflation, balanced the budget, shrunk the bureaucracy, deregulated the economy, driven down poverty and repaid billions in U.S. loans. And now, Harsanyi notes, Argentina is starting to boom.

