3 ms·
Not a problem of too low prices, but a failure of the market. Which means you need the state to intervene. And that's exactly what they did with the 2012 FDA la
by legulere 10y ago
Not a problem of too low prices, but a failure of the market. Which means you need the state to intervene.
And that's exactly what they did with the 2012 FDA laws mentioned at the end of the article.
- an_account 10y agoIt's worth noting that the failures in the market were often due to high (state imposed) regulatory burdens, and that the 2012 FDA laws helped to loosen those burdens.