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Bishop Hill is not a bishop. He's not actually called Hill either. He is an Englishman who lives in rural Scotland.

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Sunday
05Jul2009

More market fixing

Timmy notes that attempts by the government to fix prices in the medicines market have had the inevitable consequences: shortages of medicines. Pharmaceutical companies no longer want to sell to banana republics like the UK where the price they receive is artificially held down. So they are selling to first world countries instead.

Still at least they're not messing up something really important, like some governments have.

 

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