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Tag Archives: Drugs

The Lighter Side of Unbridled Greed

© Benjamin Schwartz Andy Borowitz also has some satire that is worth reading, about Shkreli’s lawyer raising his rates 5000% after his client was arrested. If you have seen something funny about Shkreli, please post a link to it in the comments.

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Karma is a Wonderful Thing

Price of life-saving drug Daraprim before Martin Shkreli’s company bought the rights to it: $18. Price to which he raised it: $750 per pill. Image of Shkreli being led off in handcuffs after being arrested for securities and wire fraud: Priceless.

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Do the Drug Ends Justify the Means?

So far, no. Yesterday, the voters of Ohio rejected a ballot measure that would amend the Ohio constitution to legalize marijuana. What’s ironic about this is that many of the organizations who are working to legalize marijuana urged voters to reject the measure. And (even more ironically) I’m glad the measure failed. Drugs are big […]

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The Revenge of the Market!

Last month, Turing Pharmaceuticals caused widespread outrage when it raised the price of the drug Daraprim from $13.50 a pill to $750. Daraprim is a critical life-saving drug that is decades old, but was only available from Turing. The good news is that all the publicity attracted the attention of another drug company, Imprimis Pharmaceuticals. […]

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How Long?

It has been weeks since Martin Shkreli promised to lower the price of Daraprim, but apparently that might have been a lie just to stop the outrage. How long does it take to lower the price of a drug (especially when there are people whose lives depend on it)? Well, the NY Times article that […]

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The Capitalism of Scarcity, On Drugs

© Chan Lowe I’m sure everyone has heard way too much about Martin Shkreli, the jerk who somehow managed to give hedge fund managers a bad name (make that a worse one than they already had). What was the most terrible thing he did? Was it buying a 62-year-old inexpensive drug and increasing its price […]

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Time Delayed Hypocrisy

© Chan Lowe Have all those Republicans who are condemning Obama’s nuke agreement with Iran forgotten it was Saint Ronnie who illegally and secretly sold weapons to Iran (even though Congress had passed an arms embargo against them) in order to fund a terrorist group in Central America? I guess when the GOP votes to […]

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First Church of Cannabis

At first I thought this was an April fools joke, but the original article was published in the Washington Post on March 30, so I assume it is legit. In the wake of Indiana’s Religious Freedom Restoration act, which prevents the state from “substantially burdening” a person’s exercise of religion (even if it violates the […]

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Seizing the Moment!

Finally! Attorney General Eric Holder today barred police from using Federal civil asset forfeiture laws without warrants or criminal charges. The laws were originally passed as part of the (failed) war on drugs (to confiscate money made in the drug trade, but quickly turned into a money-making operation for local police departments. Over 55,000 seizures […]

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Another Wave!

When longstanding political issues start to shift, once the ice is broken the change can happen relatively quickly. A recent example is the legalization of gay marriage, which I had hoped would happen, but until a few years ago never thought would take place in my lifetime. But now, a majority of US citizens live […]

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Another Casualty of the War on Drugs

The casualties are the Fourth and Fifth Amendments to our Constitution. The 4th says “The right of the people to be secure in their persons, houses, papers, and effects,[a] against unreasonable searches and seizures, shall not be violated.” The 5th says “… nor shall any person … be deprived of life, liberty, or property, without […]

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A Drug Testing Program that Makes Sense!

Republicans have been passing laws to require drug testing of welfare recipients. Florida tested food stamp recipients for four months in 2012 (until it was halted by a court on constitutional grounds), they found that less than 3% tested positive. In Arizona they tested 87,000 – how many tested positive? One. So the approx $2.76 […]

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Dope Saves Lives

A study just published in the Internal Medicine Journal of the American Medical Association finds that states that have legalized medical marijuana have 25% fewer deaths caused by overdoses of prescription drugs. The reduction in deaths occurred directly following the legalization of medical marijuana. According to the lead author of the study: “We think that […]

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Legalize Vice!

Once upon a time we tried to make drinking alcohol illegal. We all know how that turned out. And finally (after WAY too long) states are starting to make recreational use of marijuana legal, with promising results. Likewise, we finally eliminated laws against gay sex, and the world didn’t end. In fact, we took the […]

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Six Months High

While it is probably way too early to make a definitive assessment, it has been six months since marijuana became legal in Colorado, and so far all the signs are looking good: Overall crime has dropped 10% from this time a year ago, and violent crime has dropped 5.2%. In the first four months, the […]

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