FDA and Consumer Choice
Economist Arthur Diamond discusses Milton Friedman's views on the FDA and the potential for consumers to have more choices in evaluating safety and efficacy of products. Russ Roberts highlights the issue of consumers using others' money to take risks and the need for a less expensive healthcare system. They explore the possibility of nurse practitioners providing routine medical care and the potential for more effective drugs with increased competition.In this clip
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Arthur Diamond on Openness to Creative Destruction
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