You Know, It's Hard for Me to Judge Someone, You Know?

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Past Econ talked guest Emily Oster who spoke out very bravely and publicly against school closure. We tolerate lots of bad behavior, we see things around us that are shameful,. And we stay silent. But face to face culture I see you do something shameful but sometimes I'll just keep quiet. That's not a very healthy attitude.

Oncologist and epidemiologist Vinay Prasad argues that too many very expensive drugs get approved by the FDA that have very limited impact on the lives of patients. Prasad explains the incentives that distort the current system. The general problem, he explains to EconTalk host Russ Roberts, is the death of duty--too many players in the health care landscape and elsewhere stay quiet or do the wrong thing in order to serve themselves.