(Classic Episode) Tyler Cowen: The Dark Side of Talent, Sorting and Institutions
From the New World
Is There a Legal Fixture That Gives the FDA Authority?
There are already in law various liability waivers for the companies, but they want the FDA sign-off. So is there no way of constructing that kind of sign-off just without any kind of FDA process at all? Is there some legal fixture that gives the FDA specifically that authority? Or can you just assign that authority to say the president or Congress? Well, I mean, it's not even a comprehensive problem. There's so many courts in the US, maybe you could say too many. You can in a simple way give companies the clarity they need to proceed in a way that is as powerful as FDA approval.
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