This is the Tom Hartman Program.

Welcome back to the Tom Hartman Program.

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So let's talk about economics.

Libertarian economist and president of the Market Institute,

Charles Sower is with us. He's the author of profit motive, what drives the things we do,

market institute.org is the website. Charles, welcome back to the show.

Thanks for having me on.

Kamala Harris came out with a plan, actually a multifaceted plan to regulate drug prices in the United

States. She said that actually actually Journal of the American Medical Association

pointed out that of the top 48 common brand name prescription drugs

over the last six years, they have had an median increase in price of 76%.

That's almost 10% of our total national health care expenditures are for these prescription

drugs. It's the third largest health care expense

for most families. Prescription drugs cost a person on average in

inflation-adjusted dollars in 1960 1960 cost 90 dollars per person per year and

last year it was over a thousand dollars per person a quarter of Americans say

that they have difficulty paying for their drugs.

And so Kamala Harris has said, okay, if the drugs are being sold to us at higher prices than

...