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  • How Cronyism Created New York City’s Taxi Medallion Bubble

    How Cronyism Created New York City’s Taxi Medallion Bubble0

    If one wanted to study the difference between an industry that exists in a very free market and its exact counterpart in a system of extreme government regulation, then you don’t need to look further than the New York City taxi industry. New York City yellow cabs entered government regulation in 1937 when city officials

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  • Why We Don’t Have Generic Insulin

    Why We Don’t Have Generic Insulin0

    “Why is Narcan free to a dope addict but my insulin is $750 a month?” asks an online meme that has since gone viral. “Humalog cost $21 a vial in 1996 and now that same insulin is $375” claims another meme designed to call for price regulations. While these statements do have some truth behind

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