Thanks very much for this - I'm excited for the book, since I've believed the general outline of this concept for a while now. Despite all the outrage over thi

Thanks very much for this - I'm excited for the book, since I've believed the general outline of this concept for a while now. Despite all the outrage over this memo, all I can really think is "yes, what a great argument for state-sponsored medical R&D." Questioning the profitability of a market doesn't determine the profitability of that market, and if something socially-valuable turns out not to be market-friendly, that's an obvious case for state intervention. (If someone made me Emperor, I'd probably pick a deregulated, free-market approach but increase state research spending by an order of magnitude.)