Populist attacks on the pharmaceutical industry are dangerous and dumb

The populist mob is rounding up the pitchforks to go after the pharmaceutical drug industry. But as with almost every other issue, they should really be looking at backing the government out of the market instead of adding more layers of expensive regulations and taxes that only serve to shorten life expectancy.

The problem is that if you ask people about prescription drugs, a question of price is almost certainly right around the corner. People feel that prescription drug prices are too high. But are they too high — or just high? Are all of the prices high? Or is it just the prices for the newest drugs? And most importantly, why is the price of a drug what it is?