“One of the things that, you know, I have a strong belief in is like, I think in twenty years we could kind of eradicate all infectious disease.”
Friedberg predicts all infectious disease could be eradicated in 20 years if not for regulatory obstacles.
“I think in twenty years we could kind of eradicate all infectious disease. The only thing holding that up is regulation because the science is known.”
Friedberg says nuclear plant regulatory costs rose from $100 million to $10 billion over two decades.
“And now it is so cost prohibitive. It's something like $10,000,000,000 now from maybe, you know, a 100,000,000, you know, two decades ago.”
Friedberg argues FINRA's $70 million fine was sized to keep the SEC from regulating digital financial services.
“And, you know, putting that $70,000,000 fine on Robinhood was a big enough fine to say, you know what? We don't want the SEC coming in.”
Friedberg explains FINRA's $70 million fine was designed to keep the SEC from imposing stricter regulations.
“putting that $70,000,000 fine on Robinhood was a big enough fine to say, you know what? We don't want the SEC coming in.”
Friedberg interprets the $70 million FINRA fine on Robinhood as industry self-regulation to prevent government intervention.
“I feel like the the Robinhood fine the FINRA fine of $70,000,000, was a good red herring for what's gonna happen in this industry which is that the big financial services firms wanna participate in this market and they don't want regulators coming in and reregulating the market.”
Friedberg argues the $70 million Robinhood fine was meant to prevent broader regulatory intervention in fintech.
“They they see the opportunity in the same way that the startups do. And FINRA is a self regulatory organization.”
Friedberg says one death halted gene therapy for seven years despite technology now curing dozens of diseases.
“They weren't allowed to do any more gene therapy treatments. And since then we now have literally dozens of gene therapy treatments that can cure dozens of human diseases”
Friedberg says one gene therapy death led to a seven-year halt despite dozens of life-saving therapies now available.
“They weren't allowed to do any more gene therapy treatments. And since then we now have literally dozens of gene therapy treatments that can cure dozens of human diseases saving millions of lives.”
Friedberg recounts how one gene therapy death in the late 1990s halted all such treatments for seven years.
“And when he died, they put a stop on gene therapy treatments for I think seven years. They weren't allowed to do any more gene therapy treatments.”
Friedberg notes Chevron doctrine overturn removes agencies' authority to impose regulatory rules without congressional mandate.
“And the Chevron doctrine basically allowed agencies vested agencies authority to make regulatory, rules that can then be imposed legally, statutorily.”
Friedberg explains transgenic GMO technology inserts foreign genes to produce non-native proteins in plants.
“And in the popular poll ons, it's called GMO. That system allowed us to introduce proteins into plants that aren't native to that plant.”
Friedberg argues safety regulators are not tasked with considering economic or affordability impacts.
“Because their job, the job of that individual sitting in that role, whether it's a local, state, or federal government agency, is to increase safety.”
Friedberg says Silicon Valley felt attacked under Biden and realized government could restrict business operations.
“And under the Biden years, I think is when Silicon Valley really felt like it came under attack.”
Friedberg says Silicon Valley felt attacked under Biden, waking up to government's influence on business operations.
“And Silicon Valley kind of woke up to the fact that the government can play an outsized role in influencing, affecting how we might be able to operate and do business.”