Hunger and its accordant consequences were serious problems in the United States 50 years ago. In response, the U.S. government established the Supplemental Nutrition Assistance Program (SNAP, then known as the Food Stamp Program). Fifty years later, more than one in seven Americans received benefits at a cost of over $75 billion. (See Bartfeld et […]
Archive | February, 2016
Economics Behind a 5,000 Percent Price hike
Conventional pharmaceutical companies have a specific business strategy. They usually stay unprofitable for decades until their drugs are approved by the Food and Drug Administration to enter the market. Then they start to raise their drug price gradually at a rate above inflation every year. For instance, according to Deutsche Bank, Merck and Pfizer raised […]
Questioning the Final RFS Rule, Part 3: Reasonableness of the Interpretation
Today’s article completes the discussion of EPA’s final rule for the Renewable Fuel Standard (RFS). Parts one and two in this series provided background on the RFS, a general review of the final rule and questioned EPA’s definition of the word ‘supply.’ This article delves into whether EPA’s interpretation in general can be considered reasonable […]