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AustenAllred's profile
Austen Allred
Austen Allred
Austen Allred
Verified account
@AustenAllred

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Austen AllredVerified account

@AustenAllred

CEO @LambdaSchool (YC S17): A CS education that's free until you get a job. I have made remarks that I do not agree with.

San Francisco, CA
lambdaschool.com
Joined December 2010

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    Austen Allred‏Verified account @AustenAllred May 13

    Austen Allred Retweeted Ro Khanna

    No. Economic. Theory. Silicon Valley’s congressional representative. Explains a lot.https://twitter.com/rokhanna/status/995672764999757824 …

    Austen Allred added,

    Ro KhannaVerified account @RoKhanna
    High prescription drug prices are not motivated by any economic theory. It’s just simple greed.
    9:25 AM - 13 May 2018
    • 26 Retweets
    • 158 Likes
    • 🎸🎹🎧🎤Jacob Medaris🚲🚃🏗🏢 ChileConPolicy Nico Orrù Eldritch NPE Garrett Green John Kroencke Nick Krosse 🌐 Matthew Haney daddy's Jaguar
    8 replies 26 retweets 158 likes
      1. New conversation
      2. Justin D. Long‏ @justindlong May 13
        Replying to @AustenAllred

        Maybe I am being stupidly simple but isn’t greed an economic theory? Or st least part of it? What am I missing?

        1 reply 0 retweets 8 likes
      3. Austen Allred‏Verified account @AustenAllred May 13
        Replying to @justindlong

        I can’t think of any economic theory that doesn’t try to explain that phenomenon

        4 replies 0 retweets 13 likes
      4. Christopher Cordeiro‏ @ccordeiro14 May 13
        Replying to @AustenAllred @justindlong

        A more generous way of putting the congressman’s comment would be that price reducing economic forces are not able work in the pharmaceutical market due to the market structure and regulatory framework, such as lack of transparency in prices, trivial patent renewals @EconTalker

        1 reply 1 retweet 9 likes
      5. Tweet unavailable
      6. Christopher Cordeiro‏ @ccordeiro14 May 13
        Replying to @2018Rosenberg @AustenAllred and

        I am employing a saving construction of his comment 😀 ala Justice Roberts.

        0 replies 0 retweets 1 like
      7. End of conversation
      1. Max Wen‏ @MaxeyWen May 14
        Replying to @AustenAllred

        if the congressman from Silicon Valley doesn't understand the economic theory of greed then how can he possibly represent his constituents?

        0 replies 0 retweets 1 like
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      1. New conversation
      2. Michael Wolfe‏ @michaelrwolfe May 13
        Replying to @AustenAllred

        Voters want someone to blame, so politicians serve it up to them.

        1 reply 0 retweets 1 like
      3. 1 more reply
      1. New conversation
      2. Mike Mahlkow‏ @MikeMahlkow May 13
        Replying to @AustenAllred

        That is honestly one of the most embarrassing economic policy tweets I have ever seen

        1 reply 0 retweets 1 like
      3. 1 more reply
      1. Pooh Jinping‏ @JacksonWharf May 13
        Replying to @AustenAllred @benedictevans

        Single source, high utility, sold by incumbent owner to new capital = reassess value and price to extract monopoly rent How's that NOT economic theory

        0 replies 0 retweets 0 likes
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      1. Randall Bennett‏ @randallb May 13
        Replying to @AustenAllred

        Certainly not the disintermediation of customer and service provider.

        0 replies 0 retweets 0 likes
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      1. New conversation
      2. Hallie Lorax‏ @hrlomax May 13
        Replying to @AustenAllred

        Economic theory of sociopathic capitalism 😛 in the complete absence of morality, prices of medicine will inevitably rise to be so expensive that all the sick die out, leaving only healthy people behind, and then pharma goes under from a lack of business haha

        1 reply 0 retweets 0 likes
      3. Hallie Lorax‏ @hrlomax May 13
        Replying to @hrlomax @AustenAllred

        But given that we live in a society where non-business-driven masses are capable of empathy, we'll just continue to GoFundMe[dicalCare]

        0 replies 0 retweets 0 likes
      4. End of conversation

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