Sunday, March 10, 2019

Republican's tired mantra untethered from Milton Friedman's original free market precepts


Ranking member Devin Nunes (R-Calif.) dismissed the proposal as “the seizure of medicines by an unhappy government.” Such an approach, he said, was “best left to socialist regimes and not the United States of America.” 

“On what planet is this a free market?” asked Rep. Earl Blumenauer (D-Ore.) in regards to drug companies that are guaranteed years without competition when they patent a new drug or device.

This exchange shows Republican's current and very tired mantra untethered from Milton Friedman's original free market precepts that transformed Washington and converted Democrats, to the point where Democrat Blumenauer has a better understanding of markets than Republican Nunes.