A world without the FDA

Foundation for Economic Education
Posted: July 21st, 2008 by Steve Trinward
Author: Russell Roberts

“The world would change in all kinds of interesting ways. Let’s try to imagine what that world might look like. No FDA. No prescriptions. Any drug could be sold over the counter. And for simplicity, when I speak of drugs I mean purely medicinal drugs, even though my father’s experience might make that a tough line to draw in practice. Would drug companies test their drugs if tests were voluntary? I don’t think drug companies’ profits would be enhanced if their customers died from using their products.” (09/1999)

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