Tens of thousands of babies in the 1950s-'60s were born with deformities like this from Thalidomide:
Happened all over the world in over 40 countries. Didn't happen in the U.S.
Why not? Because the FDA put up a stop sign. And they were right.
This is Frances Kelsey of the FDA who put up that stop sign receiving the President's Award for Distinguished Citizen Service for doing that. She just turned 100 years old this summer.
I'm not sure what that has to do with "the economy" but there ya go.
Great story, but off topic. Was the FDA efficient in banning that drug? "efficient" not "effective". DOD for the most part is effective, but it is never efficient.
You see, again, you confuse efficiency for effectiveness.
If the right Wing had its way, Thalidomide would have been approved and they'd have made millions on it. That would be efficient, but not effective.