Simple and neat solutions are alluring but often wrong. A case in point is President Trump’s proposal to adopt a most favored nation (MFN) policy. The MFN sets Medicaid’s price for a drug at the ...
Holding large amounts of Bitcoin doesn’t automatically mean controlling price or supply. ETFs change how Bitcoin trades, not whether it can be sold. When high-conviction holders begin distributing, ...
Mr. Mahoney is an economist and Mr. Ramamurti is a former deputy director of the National Economic Council. Democrats dominated the Nov. 4 elections, but the other big winner was price controls. In ...
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