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Comments on: Government fail(ure) http://www.tvhe.co.nz/2010/08/03/government-failure/ The Visible Hand in Economics Tue, 03 Aug 2010 23:13:25 +0000 hourly 1 https://wordpress.org/?v=6.9.4 By: Matt Nolan http://www.tvhe.co.nz/2010/08/03/government-failure/#comment-26683 Tue, 03 Aug 2010 23:13:25 +0000 http://www.tvhe.co.nz/?p=5191#comment-26683 @Danyl Mclauchlan

Interesting – could have been the case.

Wish we had clear data on the quantity and price of P over time though, it would make it a lot easier to judge the “effectiveness” of any policy.

Also, I wish I could still get Nurofen to kick this damned flu

]]> By: Danyl Mclauchlan http://www.tvhe.co.nz/2010/08/03/government-failure/#comment-26672 Tue, 03 Aug 2010 01:38:20 +0000 http://www.tvhe.co.nz/?p=5191#comment-26672 My theory is that it was a precautionary policy: they were cracking down on the importing of pseudoepedrine and they wanted to prevent manufacturers from using pharamcies as an alternative source.

]]> By: Matt Nolan http://www.tvhe.co.nz/2010/08/03/government-failure/#comment-26669 Mon, 02 Aug 2010 22:12:42 +0000 http://www.tvhe.co.nz/?p=5191#comment-26669 @Eric Crampton

I don’t have enough experience with the market for P to know what is going on with the price sadly.

Surely, this winter has illustrated to people how ridiculous the policy was – hopefully we will see some complaints …

]]> By: Eric Crampton http://www.tvhe.co.nz/2010/08/03/government-failure/#comment-26668 Mon, 02 Aug 2010 21:52:52 +0000 http://www.tvhe.co.nz/?p=5191#comment-26668 Has there been any real movement in the price of P? I’d expect not much. See Dobkin and Nicosia from the AER a while back – showed that the biggest P-precursor bust in the States had only very transitory effects. And here. And I think MacDoctor railed against it too.

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