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https://twitter.com/GaryWinslett/status/1920965760274379202We have a collective sense that healthcare is a human right, and also a sense that improvements in healthcare are singularly beneficial. If $10 million of R&D would save a life, who would argue against that spending.
https://twitter.com/HalSinger/status/1596885039127531521So, I’m sort of sympathetic to a take like this. I would probably have a similar reaction if I hadn’t already seen enough to go, “oh. We sort of sidestepped our way collectively into just being really dumb about this.”
https://twitter.com/issiromem/status/1557231570934673408Those long-term Case-Shiller real home price graphs are maybe the best example of what you see.