Quote of the Day

Dave Killion — May 25, 2012

“Think about it this way: Europeans don’t regard the FDA as the best or final arbiter of safety and efficacy so why should we?”

Alex Tabarrok (Marginal Revolution), writing about US Senator Rand Paul (R-Kentucky) and language the senator inserted into the Food and Drug Administration Safety and Innovation Act (S.3187). The US Senate today voted to pass the act, and according to a Rand Paul press release “(this) language would force the FDA to accept data from clinical investigations conducted outside the United States, including the European Union, to speed the process of getting life-saving drugs on the market by the FDA.” 

There are some libertarians who maintain that accepting anything short of absolute withdrawal of the state from all exchanges between consenting adults only serves to reinforce state power, and they wouldn’t find any joy in this development. For the rest of us, this will be seen as a step in the right direction for the US, and Canada would benefit from a similar policy. I wouldn’t campaign for it, but if someone else succeeded in bringing it about, I would certainly applaud them.

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