November 7, 2011

Price Gouging Allegations on Cancer Drugs

Michael Giberson If you think political interference in gasoline markets is excessive, try reading about drug pricing for a while. From the Los Angeles Times: “Shortage of cancer drugs tied to simple economics, experts say.” And by “simple economics” they mean the perverse incentives created by government regulation that induce oncologists to prefer prescribing more …

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A Good Non-Technical Introduction to Shale Gas

Michael Giberson Paul M. Barrett, for Bloomberg, has written up a pretty good introduction to natural gas from shale. The article delves a bit into the history and geology of the subject, but focuses more on the business efforts that turned a modestly interesting rock into a significant economic resource and the environmental politics that …

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