Tuesday, August 12, 2014

The Beer Bottle Dictator?


I suppose there could be a danger to the public from beer bottle labels but I doubt it. Lucky for us, we have a beer bottle dictator to save us.

From The Daily Beast:
“He’s the king of beer. His will is law,” said one lawyer who works with him regularly. The lawyer asked to remain anonymous, for fear of crossing the beer specialist. “There’s one dude in the government who gets to control a multibillion-dollar industry with almost no supervision.”
John Cochrane at The Grumpy Economist has a point to make about regulations as well:

The Wall Street Journal has had two recent articles on the FDA, "Why your phone isn't as smart as it could be" by Scott Gottlieb and Coleen Klasmeier on how FDA regulation is stopping health apps on your iphone, and Alex Tabarrok's review of "Innovation breakdown," the sad story of MelaFind, a device that takes pictures of your skin and a computer then flags potential cancers. The FAA's ban on commercial use of drones is another good current example....
The cost of regulations is the new businesses that don't get started -- or that fail as MelaFind nearly did, because the Raj would not grant a license -- the innovative products they would bring us, the employees they would hire, and so on. 

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