2 weeks ago, I attended a briefing by the head of a local Drug Enforcement Agency field office. He spoke a lot about fentanyl, which the DEA considers its biggest problem. During the course of the briefing, he answered the big question I had, which was… [1/5]
…about why the cartels are putting lethal dosages of fentanyl into the pills they sell. This seems to be against the cartels’ interests, to kill off their own customers. He explained that they put it into counterfeit oxycontin and Adderall pills… [2/5]
…and the crafting of these pills is done in hasty labs in Mexico, sometimes in an open field. Fentanyl is so concentrated that getting dosages right is a difficult laboratory challenge. The cartels could spend more on quality control, but… [3/5]
…spending more would not pay off for them. They have done the analysis on this, per dealers the DEA has captured. Because fentanyl is so addictive, the math equation is to hope that they can addict enough new users to replace any who die. [4/5]
Thus far, the DEA is not seeing fentanyl being added to the marijuana being smuggled in from Mexico. They worry about the effect when that starts happening. [5/5]
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Great questions posed by @SaraEisen. Let’s go through the multiple steps of the questions she raises. [1/n]
Should Yellen have predicted the omicron wave? YES. She has innumerable statisticians, economists, immunologists, and mathematicians at her disposal. Any of them should have been able to see the obvious ~4.2-month cycle in the worldwide Covid cases data. [2/n]
That 4.2-month cycle also foretold the current little up wave in cases and hospitalizations data that we are seeing now. Thankfully it is down in magnitude from the Omicron wave, likely because many people already have natural immunity. [3/n]
Some people may not well understand the point about the 2-year T-Note yield and its relationship to the Fed Funds target rate. It might help to think of the Fed’s interest rates as a throttle on the economy. Here’s a thread. @DLineCap@judyshel [1/19]
An engine will operate most efficiently within a relatively narrow range of RPMs, and this is true whether it is a gasoline piston engine, a jet turbine, a steam engine, etc. But under different loads, like driving up a hill, you need a different amount of throttle. [2/19]
The solution is a “governor”, which adjusts the throttle setting to match the load on the engine. [3/19]
A thread on relationships.
Their ship having sunk, a group of passengers were sitting in a lifeboat, awaiting rescue. Suddenly, one of them reaches into his bag, pulls out an augur, and starts drilling into the bottom deck boards. [1/4]
Another passenger objects, and he replies, “What’s your problem? I’m only drilling under my own seat?” [2/4]
When people buy a stock, they think that they are forming a relationship with a company. So they want to know everything about the company, its leaders, its earnings prospects, its social standing. [3/4]
Okay, here goes. The short version is that if you are relying on "experts" whose salaries are dependent on keeping the AGW propaganda going, you are going to miss out on a lot of message of what the data say. First up: CO2 does not explain the Roman & midieval temp peaks [1/n]
The first min. wage law in the US was a racist effort to block employers from hiring blacks, who were willing to work for less money. It worked as intended. Every min. wage hike has led to higher black unemployment. Only a racist who wants to harm blacks would advocate for this.
Minimum wage hikes also harm the 16-19 year olds, who are most likely among workers to be at the minimum wage. It inhibits them from getting their start in the work force, so that they can start climbing the ladder to better jobs.
A minimum wage law is not a benefit. It is a restriction. If I can buy your labors for $20/hour, and sell them for $30, I'll do that all day. But if your $20 labors can only be resold for $18, I'm not going to buy them from you. This is the labor market.