According to this WaPo article, the average physician in the US earns $350K/yr. I didn’t click through to the actual data, but from the first table, I’m guessing that “average” means median, not mean. And physician income isn’t a Gaussian distribution—there’s a long right-hand tail for the specialties.Why is this? It looks to me like supply-and-demand is a big factor. Despite the fact that allopathic and osteopathic medical schools have expanded...

These slugs now getting 5.5% free munnie on $576B from the Biden Fed… $32B annual for doing nothing…  probably a lot tax free in foreign accounts…. ?And the Art degree Monetarist morons think this is somehow bearish?  ?Cash on hand: Apple: $167 billion Berkshire: $150 billion Microsoft: $118 billion Amazon: $65 billion Meta: $53 billion Tesla: $23 billion This is wild ?— Matt Allen (@investmattallen) August 8, 2023

I saw this the other day while looking for commentary to bring to AB. You can read the rest at the NYT. An easy read. Starter topic. Maybe EVs are not so environmentally friendly the way we are manufacturing them, the materials and the amounts used, and how we mine them. Raw materials can be problematic. “Like many other batteries, the lithium-ion cells that power most electric vehicles rely on raw materials — like cobalt, lithium and rare...

I saw this the other day while looking for commentary to bring to AB. You can read the rest at the NYT. An easy read. Starter topic. Maybe EVs are not so environmentally friendly the way we are manufacturing them, the materials and the amounts used, and how we mine them. Raw materials can be problematic. “Like many other batteries, the lithium-ion cells that power most electric vehicles rely on raw materials — like cobalt, lithium and rare...

Identity politics? No thanks! .[embedded content]

Does one have to use mathematics to be scientific? We have good reason to suppose that the scope of relevance of mathematics is very limited indeed in them social realm. For example, it can be demonstrated that not only the poor success rate of modern economics, but also the phenomenon of modern economists repeatedly making assumptions known to be wildly false, are due to mathematical methods being employed where they do not fit …The students’ ‘complaint’...

We are RUTHLESS to this planet and we'll pay the price…

Scenes from the July employment report  – by New Deal democrat On Friday I noted that the July employment report was a perfectly good, solid one in absolute terms, but that almost all the leading components were soft and weakening, as I would expect to see near the final stages of an expansion. Let’s take a look with some graphs today. First, the good news. The employment population ratio for the prime age working group, ages 25-54,...

Scenes from the July employment report  – by New Deal democrat On Friday I noted that the July employment report was a perfectly good, solid one in absolute terms, but that almost all the leading components were soft and weakening, as I would expect to see near the final stages of an expansion. Let’s take a look with some graphs today. First, the good news. The employment population ratio for the prime age working group, ages 25-54,...

I saw that leading spending flows last week $200 billion. That’s why.