In this episode, we explore the claim made in a recent Wall Street Journal opinion piece, entitled, "Be Thankful for High Drug Prices" that claims high drug prices in the US are what allow for new drug innovation and that other countries take advantage of this. We'll explore the economic quirks of the drug industry and look at some argument and evidence that counter the claim the authors of the piece make.
The article: https://www.wsj.com/articles/be-thankful-for-high-drug-prices-healthcare-policy-research-and-development-3e603ca8 (https://www.wsj.com/articles/be-thankful-for-high-drug-prices-healthcare-policy-research-and-development-3e603ca8)
29 Jan 2024
Are Google and Meta Monopolies?
In this episode, we'll answer a question that economists Tyler Cowen and Luigi Zingales attempted to answer in a mini-debate about 5 years ago: Are Google and Meta monopolies? While they had both had interesting answers, in this episode I'll explore a different take and also talk about the key issues policy-makers should be focused on. If you haven't seen that debate, you can check it out here: https://www.youtube.com/watch?v=zNHB-Av4BQQ&t=1334s (https://www.youtube.com/watch?v=zNHB-Av4BQQ&t=1334s)
10 Jan 2024
The Most Important Theory in Finance
In this episode, we'll look at Modern Portfolio Theory, which revolutionized the field of investment portfolio management by introducing a quantitative framework for maximizing investment returns relative to risk. The theory emphasizes the importance of diversification, advocating for the creation of an 'efficient frontier' of optimal portfolios that offer the highest expected return for a given level of risk. Central to MPT is the concept that the risk of a portfolio can be reduced and its expected return maximized through careful asset selection based on their expected returns, risks, and the correlations between them.
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