The effects of sanctions on price growth, monetary competition, and international cooperation are still unknown. But they are likely to be widespread and significant.
A funny thing has happened on the way to accepting the standard ruling-class narrative on the war in Ukraine: inconvenient and unpleasant facts about the region and its recent history.
While government officials and politicians denounce high drug prices, they have created monopoly privileges for drug firms, thus ensuring higher-than-competitive prices for pharmaceuticals.
