Daily Policy Digest

Inventing New Drugs Is Costly, but Not Inventing Them is Costlier

The total cost to develop and gain marketing approval for a new drug is an estimated $2.6 billion...

Welfare and Social Insurance Lead to Declining Desire to Work

Changes in the provision of welfare and social insurance explain about 60 percent of the decline in desire to work among prime-age females, and attribute between 50 and 70 percent of the decline in mothers' desire to work...

The Shale Revolution Brought Natural Gas Production to Historic Heights

Natural gas production on federal lands has declined by 31 percent over the past five years, while production on private and state lands has increased by 37 percent...

Repealing Obamacare Will Take Some Convincing

The real obstacle to advancing an alternative to Obamacare will be interests in the health sector, which has mastered Obamacare remarkably...

Consumers on the Losing End of New Drug Plan Regulations

Blatant protectionism through restrictive drug plan regulations may be touted as consumer protections, but more often than not they benefit local pharmacy service providers at the expense of consumers...

Free Market Competition in Education Is Good For Economic Growth

Transforming a government monopoly into a universal school choice system would significantly boost both educational attainment and education quality...

Tax Reform Could Improve Tax Filing Process

With a tax code that runs 4 million words and has been changed over 4,680 times since 2001, it is not surprising that taxpayers and even the agency enforcing the code struggle to keep pace...

New EPA Regulations Could Cut 296,000 Energy Jobs

The employment costs of the EPA's proposed regulations could eclipse $29.6 billion. That figure alone would make it one of the costliest regulations of all time...

The Federal Government Should Stay Away From School Choice

school choice makes schools directly accountable to parents who have the ability to vote with their feet if they school fails to meet their needs...

Fannie and Freddie Are Back

The government now wants to expand the opportunity for homeownership to credit-worthy borrowers who have enough income to afford a loan, but have not saved enough for a larger down payment...


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