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The efficacy regulations on drugs, economists have found in countless studies, have delayed the introduction of new drugs by years and added hundreds of millions of dollars to the cost of developing a typical new drug.

— David R. Henderson The Joy of Freedom: An Economist’s Odyssey (2002)

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The government’s monopoly is what has allowed it to produce so bad a product for so long.

The Joy of Freedom: An Economist’s Odyssey (2002)

The history of economic growth is the history of people making more with less and shifting into new jobs that were unheard of in the previous generation.

One thing we know from centuries of history is that if the government has revenue to spend, it will spend it.

The Joy of Freedom: An Economist’s Odyssey (2002)

Unfortunately, not content to enforce its monopoly power over what new drugs get produced, the FDA also seeks to limit doctor’s uses of legal drugs for uses not specified on the label.

The Joy of Freedom: An Economist’s Odyssey (2002)

British author Thomas Carlyle called economics ‘the dismal science’ because the free-market economists around him were strongly opposed to slavery.

The Joy of Freedom: An Economist’s Odyssey (2002)

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Quote text and notes from Wikiquote: David R. Henderson (page history), available under CC BY-SA 4.0. Source quality and labels are our own summary of what Wikiquote records.