[smitty1e]

> Byzantine regulatory processes that often harm more than help

Right. Regulation is to the economy as bandages to the mummy.

The incentives are deep and perverse.

[naasking]

The regulatory failures are numerous, and even recent examples are common:

https://astralcodexten.substack.com/p/when-will-the-fda-appr...

https://astralcodexten.substack.com/p/adumbrations-of-aducan...

The FDA is simultaneously too lax and too strict.