Category Archives: Economics

CEO Pay as Natural Selection

LloydCEO pay of large companies is about 330 times that of regular employees, and this means a great life for at least 330 American families.

What about the rest of the “top 10%” families? Well, many are successfully centered around a doctor, lawyer, mid-level executive, or financier. But in the anonymous and soul-crunching background, the other 90% of families are starting to look like a ragtag conglomerate of debt-serfs and welfare-survivalists.

Populists like to take pens against pond scum CEOs, but it is unlikely that CEOs, even with their crony compensation committees and captured boards, are what’s driving unbalanced pay.

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10 Unconventional Actions for Better Health

sun_benellesHere are 10 Unconventional Actions for Better Health:

1) Keep cell phones away from reproductive DNA. As WhyAutismHappens has shown, damaged paternal reproductive DNA is causing up to 80% of autism. Most autism is an extension of damaged parent’s benelles. Men are particularly vulnerable because they get radiation at two inches. Keeping your cell phone a minimum of 8 inches away from your reproductive DNA might keep autism out of your family.

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The World Economy and Humanity

The world economy is heavily indebted. As Ambrose Evans-Pritchard points out, the last 15 years of central bank easing has driven total debt ratios to a record 275% of GDP in rich states and 175% of GDP in emerging markets.

At the local and individual level, where easing is not possible, any meaningful debt reduction is achieved by defaulting. As McKenzie Global Institute points out, the drop in US household debt between 2008 and 2012 is primarily explained by defaults on home loans and consumer debt (Roxburgh et al 2012).

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Why Health is Elusive

elusive healthSomething will happen for 39,600 Americans this year. They’ll die of pancreatic cancer. Something else has happened for 1342 Americans: they’ve become billionaires.

Do you want $1 billion more than you don’t want pancreatic cancer? I don’t, which is why I feel health is more elusive and more valuable than $1 billion.

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Do Immunizations Make Sense?

Hippocrates thought convalescence was important to recovery and health. For convalescence to happen, sickness must come first. This places sickness as part of the natural order of life.

Today, Western medicine attempts to skip the natural order; take immunizations as an example. The chief idea is to use technology to prevent pain, save healthcare costs for society, get people back to work more quickly, and enrich the entrepreneurs that bring us the magic.

Vaccinations are a technological attempt at a preemptive, hurry-up offense to dictate to nature. They are essentially the opposite of the Hippocratic, or Benelles approach, which is to seek health in a slow, steady, long-term manner.

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Medicine is So Top 1%

limoAll those kids that spend years to become doctors because they “just want to help people”, well, they also don’t seem to mind spending lots of time and money fighting for more money.

Case in point: a “nonprofit” group of 2,000 primary care providers called the Academy of Allergy and Asthma in Primary Care (AAAPC) is suing a collection of four specialized allergy groups.

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The Bad Math of CT Scans

ct

There’s bad math behind using CT scans for lung cancer screening. For every batch of 320 people, screening prevents one death while over-diagnosing 1.38 (Patz Jr et al 2013).

In the business world, those kind of numbers are called “a negative ROI”. It’s somewhat like giving mountains of cash to CEOs despite cratered leadership. And if my CEO is overpaid, I’m annoyed; not directly harmed. On the other hand, overusing poor-performing CT scans leads to damaged benelles.

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Doctors’ Fear is Making Us Sick

A new study published in HealthAffairs highlights physician over-treatment of patients, based on the physician’s fear of lawsuit.

We found that physicians who reported a high level of malpractice concern were most likely to engage in practices that would be considered defensive when diagnosing patients who visited their offices with new complaints of chest pain, headache, or lower back pain. No consistent relationship was seen, however, when state-level indicators of malpractice risk replaced self-rated concern. Reducing defensive medicine may require approaches focused on physicians’ perceptions of legal risk and the underlying factors driving those perceptions.

Here are 5 reasons this over-treatment is hurting us:

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