July 22, 2002

Jane Galt's easy to learn

Jane Galt's easy to learn public choice economics:

Pharmaceutical companies look at the size of the market; the government looks at how loud it is. Thus the government spends 10 times as much per victim on breast cancer research as colon cancer, even though the latter is far more likely to kill you; breasts, thank God, are expendable and easy to examine.

Not as sophisticated as James Buchanan, but you get the drift.

Oh, and read her fine examination of drug reimportation.

[via Patrick Ruffini]