Relevant and even prescient commentary on news, politics and the economy.

Book Review: Death in the Haymarket

I was born into an America where the eight-hour workday was widely observed. But what was for me just another fact of life was a hard-won right of the labor movement that cost hundreds of lives. “Death in the Haymarket: A Story of Chicago, the First Labor Movement and the Bombing that Divided Gilded Age […]

When a bug is a feature

As a subject in the Moderna phase III COVID vaccine trial, I wasn’t told whether I’d get the vaccine or a placebo. Indeed, neither my nurse nor the doctor overseeing the trial knew which subjects got which. It was a double-blind trial. 12 hours after the second jab, I started experiencing a headache, muscle and […]

No, democracy doesn’t lead to socialism

Kevin Drum has a post up at jabberwocking.com about a claim by the chair of the Alabama GOP that democracies lead to socialism. I can’t think of a single example of a socialist country that evolved from democracy to socialism. Russia became socialist when the Bolsheviks overthrew the Kerensky government by violent revolution. Socialism throughout […]

The economics of bacon

I love the smell and taste of freshly cooked bacon. That said, I very rarely eat bacon, for the same reason I rarely eat sausage, ham or bratwurst. Preserved meats are associated with a higher risk of colon cancer. But if you *do* eat bacon, can you afford to? Not according to Donald Trump, who […]

Pediatrics in America Part 2: Pediatric hospitals are disappearing

In a previous post, I called attention to the decline in the number of medical students who choose pediatrics as a career. Some of the slack can be taken up by nurses and physician assistants, but access to pediatricians is a growing problem. So, too, is access to pediatric care at hospitals: “Pediatric hospitals have […]

Pediatrics in America Part 1: Need a pediatrician?

If you want to make the big bux as a physician, you need to do procedures (e.g., endoscopies, colonoscopies, surgery). Among the most poorly compensated branches of medicine are pediatrics and geriatrics. And yet: “Pediatricians attend the same medical schools as those who enter other specialties, and education is expensive. Almost half of those who […]

The economics of rare disease therapies

I came of age scientifically at the beginning of the cloning era. As various genes associated with human genetic disorders—sickle cell disease, cystic fibrosis, muscular dystrophy, Huntington’s—were cloned, the papers reporting these successes always ended with some statement that now the door was open to therapy. These prophecies proved to be wildly optimistic. Now, with […]

The COVID vaccines are really, really safe

I got my first COVID shot in August 2020 as part of the Moderna Phase III trial. Since then, I’ve had four additional jabs. Today, I’ll get another booster with the latest Moderna vaccine. I’m looking forward to it. I did contract COVID last November during a trip to Colorado. I tested positive for a […]

AI for the win!

The last decade has seen many initiatives toward clean, green, and low-carbon energy, as well as a global shift toward electric vehicles and automation. Many of these initiatives were enabled rare earth magnets, which is why rare earth magnets are heavily used now and will continue to be used in the future. When my dad […]