Tuesday, December 2, 2008

Ahhh the Free Market...

To watch the free market work is truly a marvel.

WHEN EVIDENCE FAILS.
Diuretics sales jumped, but only by a few percentage points. "[They] should have more than doubled," says Curt Furberg, who chaired the study. And in a world where doctors prescribe medications based on a simple reading of the latest evidence, maybe they would have doubled. But we don't live in that world. We live in a world where pharmaceutical companies have big budgets and sophisticated public relations teams. Pfizer, for instance, put up $40 million to ensure that their Cardura, their alpha blocker, was included in the study.

Nothing like the free flow of information, capital, and labor; to make a guy like me feel ignorant for thinking "free markets" never have and never could be a sucessful, sustainable, or ethical economic policy...

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