"Early administrative failings of the FDA and the Centers for Disease Control greatly exacerbated the Covid-19 crisis in the United States."
And more, from two Univ. of Chicago professor: "To Fight the Coronavirus, Cut the Red Tape".
Still more, from John Stossel: "The Red Tape Pandemic".
Yet more: "FDA Shouldn’t Keep Safe Drugs off the Market".
Oh, there's more: "Doctors need freedom to choose off-label drugs".
Finally, from economist Art Carden: "The Anatomy of Government Failure in a Pandemic".
This means there is a discrepancy between the private and social benefits from flu shots and careful hand washing, and according to the standard stories about externalities that we teach in introductory economics classes, we probably won’t do as much as would be socially optimal. . . .
As I wrote over the summer, “just because an externality exists doesn’t mean the market has ‘failed’ enough for command-and-control regulation or even corrective taxation to be appropriate.” The stories we tell in introductory economics classes also tend to assume away the problem of government failure–and governments are failing mightily in response to the COVID-19 epidemic.