Does The FDA Do More Harm Than Good?

Russell Roberts, Professor of Economics, writes that it does. He explains himself here, than here, and here. Great reads.

Update: Added Walter Williams discussion on the topic.

Comments

  1. True_LiberalSeptember 10, 2004 at 4:55 AM

    Walter Williams has written eloquently on this. The FDA seeks primarily to protect its reputation, and thus tends to be overconservative; a death from an "approved" drug is a black mark.

    But -- a thousand deaths, of those waiting for drugs to be approved, do not count against the FDA.

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  2. FernandoSeptember 12, 2004 at 12:47 AM

    The FDA does a great job, just recently I tried to find out why the fda changed a particular drug to another formula, and the response I got was golden.
    Here is their response (The Needs of the Many out way the needs of
    The few).

    I finally did get an answer without there mouth, but I had to physically go down there, and ask them.

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  3. Hispanic Pundit Hispanic Pundit » Abolish The FDA?November 22, 2004 at 10:33 PM

    [...] er intuitive doesn’t? Only the idea of some crazy nut, right? I’ve blogged on this before, and some of my liberal friends seem to have a problem with it. But economists are taking [...]

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