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 Shows how it’s Done
The “chainsaw” taken by Argentina’s new-ish president, Javier Milei, to his battered nation’s bloated bureaucracy, catastrophic finances and – perhaps most important – failed leftist governing dogmas has worked magic. As David Harsanyi notes in Jewish World Review, Argentina’s public service has shrunk by tens of thousands, the budget is nearly in balance, inflation has plunged, trade is reviving and wages are inching up. The lessons for Canada and the U.S. are clear.