Saturday, September 13, 2014

By obsessing over risk the stupor state empowers rent seekers

Thalidomide famously caused graphic birth defects when given to pregnant women. It has been unbanned but with wildly punitive restrictions that pharmacos are using with other drugs to fleece consumers. The pharmacos love complex regulatory regimes: it slows the pace of innovation and hobbles competition.

What's the risk that any sentient doctor would prescribe thalidomide wrongly? A lot less than misprescribng Tylenol to alcoholics who then go on to kill their livers. Yet no fancy registration. The Feds aren't afraid of dead people, they're afraid of very much alive photogenic flippered children.  The government protects itself, not us.

Lots of details of the latest Federally inspired criminality at the link.

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