1373: Walter Block – Against Legalizing Drugs

	It is sometimes argued that one of the benefits of legalizing addictive drugs is that they could be taxed, and the government revenues enhanced. From this perspective, this would be the only valid case against legalization. —Walter BlockDownload Print Quality (3840×2010) 5.29MB  |  Normal Quality (1920×1005) 282KB
	It is sometimes argued that one of the benefits of legalizing addictive drugs is that they could be taxed, and the government revenues enhanced. From this perspective, this would be the only valid case against legalization. —Walter BlockDownload Print Quality (3840×2744) 7.16MB  |  Normal Quality (1920×1372) 376KB

It is sometimes argued that one of the benefits of legalizing addictive drugs is that they could be taxed, and the government revenues enhanced. From this perspective, this would be the only valid case against legalization. —Walter Block

1372: Antony Davies – The Humans Who Work in Government

The faith that people unthinkingly place in government to accomplish goals is at the same time faith in the people who work in government. But people who work in government are no more knowledgeable, capable, motivated, or well-intentioned than their counterparts outside of government. Humans who work in government are the very same kinds of humans as those who don’t, and they are subject to all the same motivations like everyone else. So many people miss this fundamental point in so many ways that it is mind-boggling. —Antony Davies

1371: Aleksandr Solzhenitsyn – Non-Participation in Lies

Even if all is covered by lies, even if all is under their rule let us resist in the smallest way: a personal non-participation in lies! —Aleksandr SolzhenitsynDownload Print Quality (3840×2010) 2.35MB  |  Normal Quality (1920×1005) 195KB
Even if all is covered by lies, even if all is under their rule let us resist in the smallest way: a personal non-participation in lies! —Aleksandr SolzhenitsynDownload Print Quality (3840×2744) 3.16MB  |  Normal Quality (1920×1372) 260KB

Even if all is covered by lies, even if all is under their rule let us resist in the smallest way: a personal non-participation in lies! —Aleksandr Solzhenitsyn

1368: William Warded – Excessive Regulations in Drug Development

Drug development, Drugs, FDA, Government, Health, History, Innovation, Law, RegulationsDownload Print Quality (7680×4020) 190KB  |  Normal Quality (3840×2010) 99KB
	If even one new drug of the stature of penicillin or digitalis has been unjustifiably banished to a company's backshelf because of excessively stringent regulatory requirements, that event will have harmed more people than all the toxicity that has occurred in the history of modern drug development combined. —William WardedDownload Print Quality (7680×7680) 264KB  |  Normal Quality (3840×3840) 127KB

If even one new drug of the stature of penicillin or digitalis has been unjustifiably banished to a company’s backshelf because of excessively stringent regulatory requirements, that event will have harmed more people than all the toxicity that has occurred in the history of modern drug development combined. —William Warded

1367: Antony Davies – Laws That Harm the Disabled

In 1990, the U.S. government enacted the Americans with Disabilities Act. This law attempted to protect the disabled in the labor market by prohibiting discriminatory behavior on the basis of disability. A law specifically designed to ensure that the disabled got a fair shake in the labor market instead resulted in decreased employment rates for the disabled.

Why? There are a couple of reasons. First, the law made it expensive for businesses to hire the disabled. Regulators have deemed, among other things, that employers will need to modify an employee’s physical environment, offer the employee additional training, give him extra time to complete tasks, and even hire interpreters. All these things increase the cost of doing business.

Second, the law made it difficult to terminate disabled workers, even when warranted. But how is a business to prove that it terminated a disabled worker because of something other than the worker’s disability? The answer that many businesses seem to have arrived at, although few will admit it, is not to hire the disabled in the first place.

It turns out to be easier for an employer to prove that it did not hire a disabled worker for a reason unrelated to the worker’s disability than to prove that it fired the worker for such a reason. Consequently, the Americans with Disabilities Act actually led to a decrease in employment rates for the disabled.

—Antony Davies, James R. Harrigan

1365: Antony Davies – Unintended Consequences

	In Hanoi during the French colonial period there was a problem with too many rats. The French authorities offered a bounty for every rat killed but required only that people bring the rats’ tails as evidence. Hanoi was soon overrun by tailless rats. The people were simply catching the rats, cutting off their tails, and releasing them. Why? So those rats could procreate, creating more rats and more bounties. In the end, Hanoi had more rats after the bounty than before. Sometimes there are perverse outcomes and unintended consequences of a government policy. —Antony Davies, James R. HarriganDownload Print Quality (7680×4020) 222KB  |  Normal Quality (3840×2010) 122KB
	In Hanoi during the French colonial period there was a problem with too many rats. The French authorities offered a bounty for every rat killed but required only that people bring the rats’ tails as evidence. Hanoi was soon overrun by tailless rats. The people were simply catching the rats, cutting off their tails, and releasing them. Why? So those rats could procreate, creating more rats and more bounties. In the end, Hanoi had more rats after the bounty than before. Sometimes there are perverse outcomes and unintended consequences of a government policy. —Antony Davies, James R. HarriganDownload Print Quality (7680×7680) 339KB  |  Normal Quality (3840×3840) 170KB

In Hanoi during the French colonial period there was a problem with too many rats. The French authorities offered a bounty for every rat killed but required only that people bring the rats’ tails as evidence. Hanoi was soon overrun by tailless rats. The people were simply catching the rats, cutting off their tails, and releasing them. Why? So those rats could procreate, creating more rats and more bounties. In the end, Hanoi had more rats after the bounty than before. Sometimes there are perverse outcomes and unintended consequences of a government policy. —Antony Davies, James R. Harrigan

1364: Antony Davies – Venezuelan Inflation

To address its cash crunch, the Venezuelan government printed money, which gave birth to rampant inflation. Depending on whom you ask, Venezuela’s annual inflation rate exceeded something between 60,000 percent and 200,000 percent in 2019. To put that in perspective, a product that cost one dollar in January 2019 would cost between $600 and $2,000 by the end of 2019. —Antony Davies, James R. HarriganDownload Print Quality (7680×4020) 242KB  |  Normal Quality (3840×2010) 121KB
To address its cash crunch, the Venezuelan government printed money, which gave birth to rampant inflation. Depending on whom you ask, Venezuela’s annual inflation rate exceeded something between 60,000 percent and 200,000 percent in 2019. To put that in perspective, a product that cost one dollar in January 2019 would cost between $600 and $2,000 by the end of 2019. —Antony Davies, James R. HarriganDownload Print Quality (7680×7680) 340KB  |  Normal Quality (3840×3840) 161KB

To address its cash crunch, the Venezuelan government printed money, which gave birth to rampant inflation. Depending on whom you ask, Venezuela’s annual inflation rate exceeded something between 60,000 percent and 200,000 percent in 2019. To put that in perspective, a product that cost one dollar in January 2019 would cost between $600 and $2,000 by the end of 2019. —Antony Davies, James R. Harrigan

1362: Mary Ruwart – Patients Die Waiting for New Drugs

Cancer patients often die waiting for new drugs to be approved by the FDA? Abigail Burroughs had squamous cell carcinoma, diagnosed when she was only 19 years old. She tried unsuccessfully to get FDA permission to try a new drug (Erbitux) that had shown success against her type of cancer. The FDA refused, and Abigail died at age 21. Abigail’s father formed the Abigail Alliance and sued the FDA. However, the courts ruled that Americans do not have the constitutional right to save their lives with drugs not approved by the FDA. —Mary RuwartDownload Print Quality (7680×4020) 235KB  |  Normal Quality (3840×2010) 127KB
Cancer patients often die waiting for new drugs to be approved by the FDA? Abigail Burroughs had squamous cell carcinoma, diagnosed when she was only 19 years old. She tried unsuccessfully to get FDA permission to try a new drug (Erbitux) that had shown success against her type of cancer. The FDA refused, and Abigail died at age 21. Abigail’s father formed the Abigail Alliance and sued the FDA. However, the courts ruled that Americans do not have the constitutional right to save their lives with drugs not approved by the FDA. —Mary RuwartDownload Print Quality (7680×7680) 362KB  |  Normal Quality (3840×3840) 177KB

Cancer patients often die waiting for new drugs to be approved by the FDA? Abigail Burroughs had squamous cell carcinoma, diagnosed when she was only 19 years old. She tried unsuccessfully to get FDA permission to try a new drug (Erbitux) that had shown success against her type of cancer. The FDA refused, and Abigail died at age 21. Abigail’s father formed the Abigail Alliance and sued the FDA. However, the courts ruled that Americans do not have the constitutional right to save their lives with drugs not approved by the FDA. —Mary Ruwart

1359: Antony Davies – 22 Trillion on Poverty

If the government had simply divided the 22 trillion dollars it spent on poverty since 1964 among all the poor people living in the United States since 1964, each person would've received more than $10,000 per year. —Antony DaviesDownload Print Quality (7680×4020) 181KB  |  Normal Quality (3840×2010) 88KB
If the government had simply divided the 22 trillion dollars it spent on poverty since 1964 among all the poor people living in the United States since 1964, each person would've received more than $10,000 per year. —Antony DaviesDownload Print Quality (7680×7680) 258KB  |  Normal Quality (3840×3840) 122KB

If the government had simply divided the 22 trillion dollars it spent on poverty since 1964 among all the poor people living in the United States since 1964, each person would’ve received more than $10,000 per year. —Antony Davies

1358: They Lie to Us

The rules are simple: they lie to us, we know they’re lying, they know we know they’re lying, but they keep lying to us, and we keep pretending to believe them. —from the memoir of a young girl who grew up in the Soviet Union