Backing wrong horse | On student loan debt | Move toward the good
When I saw Sen. Chuck Schumer give two thumbs up on the senators’ passing of the grossly mislabeled “Inflation Reduction Act,” I wanted to gag. A short column in The Wall Street Journal explains my tendency to gag. Stephen Moore and Tomas Philipson sum up this debacle in a rather simplistic way: “It would transfer about a quarter of a trillion dollars from America’s pharmaceutical industry, which saves and extends lives, to the climate-change industrial complex, which makes energy more expensive. The former industry has produced the majority of the world’s 40 most recent wonder drugs.”
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