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Eliminated most of the FDA Why the FDA? It's a minuscule part of the budget and provides a service crucial to public health & safety. I figured it was one of t
by jsz0 16y ago
Eliminated most of the FDA
Why the FDA? It's a minuscule part of the budget and provides a service crucial to public health & safety. I figured it was one of those things almost everyone could agree on. A post-FDA world would almost certainly include "As Seen on TV" cures for cancer. Do we really want that?
- deleted 16y ago[deleted]
- jacoblyles 16y agoI'm tentatively in favor of reevaluating the FDA, as I've argued at length elsewhere. The question to consider is whether the FDA's expensive ex-ante regulation does more good than harm when compared with cheaper ex-post liability rules, especially in light of the FDA's incentive to be more cautious than is socially optimal. I have strong doubts that the agency does more good than harm in light of the massive costs it imposes on medical research.