Similar Posts
Experts Split On Whether Breast, Lung, And Prostate Cancer Screening Saves Lives
Mammograms for breast cancer; the PSA blood test for prostate cancer; CT scans for lung cancer; and things like stool blood tests and colonoscopies for colon cancer. Each of these screening tests is designed to find cancers, or precancers, before they become symptomatic, the goal of early detection being to enable clinicians to eradicate growths…
Paul Samuelson's View of Milton Friedman
In their book Animal Spirits, George Akerlof and Robert Shiller recount the intellectual battles waged between Milton Friedman and Paul Samuelson, two of the 20th century’s most important economists. Friedman was a huge believer in the power of markets, and in consumers’abilities to make rational decisions. Samuelson also recognized the power of markets, but thought…
Specialty Drugs at Especially High Prices
There have been many wonderful new medications in the past decade or so, drugs that finally bring hope for many people with serious illnesses like rheumatoid arthritis, multiple sclerosis and even some advanced cancers. But these drugs often come at a high price. Here is a snapshot of drug spending in 2014, courtesy of the…
Careful When You Come Up For Parole
Parole boards are supposed to objectively assess whether inmates eligible for parole deserve to be released from prison before the end of their sentence. They need to determine whether people are reformed, whether they have been behaving themselves in prison, and whether they pose unacceptable risks to society. But it turns out their decisions may…
Have I Officially Become an Economist Now?
In a recent Huffington Post article, I was described as a Duke University economist. I’m sure the economic community would like to make very clear that I am not one of its members. The same goes for most communities, as far as I can tell. Nevertheless, despite that glaring error, much of the content of…
What Bracketology Teaches Us About Banking
A dozen years ago, my wife filled out an NCAA bracket on a popular website. Out of more than 1 million entries, she finished somewhere around 17th. Think about it: 17th out of a million. Clearly I married up! I mean everyone says their spouse is one in a million, but how many really mean…