 Good morning, John. It's Friday. Somebody recently asked me a good question. What's the best money you ever spent? I like this question. And as you do, I thought about it maybe a little bit too much. First, I thought about my guitar, which has brought me, like, endless hours of enjoyment and self-improvement. And then I thought about my car, which ten years in, no problems, still kicking. It got rear-ended so hard once that their airbags went off. Not a scratch on the car. If Honda Civic is looking for a brand ambassador, you probably don't want me because I don't care very much about cars. Sometimes I see commercials for the Honda Civic and I'm like, that is deeply not the relationship I have with my car. This is like Honda Civic drive superiority. I'm like, Honda Civic drive to work. So I kept thinking about it and I came up with an answer that is absolutely the true answer. Like, there's no doubt in my mind about it. Prescription drugs. So between graduating from grad school and thus losing my insurance and when Obamacare was enacted, it was about a three-year period and during those three years I spent a little over $10,000 on prescription drugs. And those drugs helped me not be in constant pain. They helped my body take in nutrition, stop bleeding into itself. And those pills made it so that I didn't have a lifelong decrease in my physical ability. The drug went from around $250 to $400 while it was taking it. I'm still taking it. And now, if I didn't have insurance, it would cost $1,700 a month. And I would pay that because when you're paying for the use of your own body, you will pay what you can. It's the best money I've ever spent. But, yeah, I'm not happy about it. I am not an economist, but I listened to some and a lot of them are convinced that we have made a massive mistake. As an example, since I graduated from high school, the cost of insulin has increased 1,000%. And an economist in our society right now would thus say that the value of insulin to the economy has increased 1,000%. Except that, of course, it hasn't. The value delivered by the insulin is the same now as it was 20 years ago. It's a healthier, longer life. And that is so much value. I am so thankful for the medicine that I take. It's been a tremendous gift to me and to my family, to the people I love. Like, life would be much harder for them if it weren't for that. And like, it's the best money I've ever spent. But that value is created whether or not we turn it into dollars. And the current system doesn't accept that. According to prevailing economic theory, if they double the price of my medication, and that means that 25% of people who are currently taking it can't afford it anymore, they have created more value because they're making more money. But they're not, obviously, because there are fewer people being served by the medication. They are creating less value. And the argument that we hear is often that, like, they need the money in order to develop more drugs. Well, leaving aside the fact that in the last 10 years, prescription drug companies have spent more money buying back shares of their own stock to inflate their stock price than they have on research and development. 75% of revolutionary new drugs were funded by the National Institutes of Health, by public money, by our tax dollars. That is money well spent. Prescription drug companies, on the other hand, have spent an awful lot of their research and development dollars figuring out how to turn existing medications into very similar but slightly different medications so that they can extend their patents. Because they, I think, believe that creating more money is the same as creating more value. As long as business leaders keep believing the lies they were told in Econ 101, we're going to be destroying value when we think we're creating it. And now, John, I'm going to hold up this $1,000 savings bomb that I got when I graduated from college. It's because I want a good thumbnail for the video, so people will watch it. John, I'll see you on Tuesday. If you want to read or think more about what I've been talking about in this video, check out Mariana Matsukato's The Value of Everything. It's a book or just any podcast where she has been interviewed or given a talk. I like what she has to say.