The Fed would censor out the drugs that market would be in the process of discovering their. Wastefulness and so drugs are going to higher rate, he says. The FDA is just a barrier to getting in here," Samuels writes. "They're not a very good sensor on top of what the market was already offering"
When there's no vaccine on the market, people will look for other ways to be safe, including school closures and the handwashing of groceries. Listen as economist Casey Mulligan of the University Chicago talks with EconTalk's Russ Roberts about the costs of delaying a vaccine, the hidden costs of FDA regulation, and what we learned and failed to learn about the Covid pandemic.