2 ms·
The classic example from Milton Friedman is when the FDA waited 17 years to approve beta blockers, after most other countries had. That killed 10,000 Americans
by BurningFrog 5y ago
The classic example from Milton Friedman is when the FDA waited 17 years to approve beta blockers, after most other countries had.
That killed 10,000 Americans a year, 170,000 total.
That's just one drug, that finally got approved.
- deleted 5y ago[deleted]
- Retric 5y agoIt’s far more complicated than that. “Beta Blockers” is not a specific drug, practolol for example was withdrawn from the market by the manufacturer. Atenolol is actually vastly less effective than other beta blockers and it’s continued use has cost many lives. The FDA not approving it would have been a net benefit.