Prasad's Law: there's always enough health spending to concentrate wealth, never enough to diffuse it

In a recent installment of his Plenary Session podcast, hematologist-oncologist Vinay Prasad observed that "There are interventions that disperse wealth, … and they give people jobs, and they send them out in the community; and there are implantable drugs, implantable devices, there are drugs, there are cancer screening tests, and we will always prioritize interventions that consolidate money in the hands of the few, over interventions that disperse money to the hands of many, with the same levels of evidence."

Second wave Algorithmic Accountability: from "What should algorithms do?" to "Should we use an algorithm?"

For ten years, activists and theorists have been developing a critique of "algorithms" (which have undergone numerous renamings over the same time, e.g. "filter bubbles"), with the early critiques focusing on the way that these can misfire with dreadful (or sometimes humorous) consequences, from discrimination in which employment and financial ads get served to the "dark patterns" that "maximized engagement" with services that occupied your attention but didn't bring you pleasure.

MMT: when does government deficit spending improve debt-to-GDP ratios?

Modern Monetary Theory (MMT) (previously) is an alternative to neoclassical economics that holds that sovereign states that issue their own currency can't default on debts denominated in that currency (if you are the sole source of Canadian dollars and all your debts are in Canadian dollars, you can always pay those debts), and that deficit spending is normal (every dollar in circulation was "deficit spent," since the money to pay taxes enters the economy when the government spends it into existence), and that inflation isn't a mere function of government spending — but rather, inflation occurs when governments and the private sector are bidding against each other for the same goods and services.

A former pharma rep explains how the industry pushes doctors to overprescribe

The pharma industry spends $2 on marketing for every $1 it spends on R&D: Shahram Ahari was a rep for Eli Lilly, so he knows how the money was spent: in a tell-all op-ed in the Washington Post, Ahari describes how he lavished spending over doctors, everything from dinners at "so many fancy Manhattan restaurants that the maitre d's greeted me by name" to free ballgames and Broadway musical tickets to offering hundreds of thousands of dollars in speaking fees to top prescribers.

Veteran Boeing manager was transferred to 787 production; based on he saw there, he won't fly in a Dreamliner and begs his family not to

John Barnett had a three-decade career as a Boeing quality manager, but after he was transferred to the Charleston, SC production facility for the Boeing 787 "Dreamliner," he became a whistleblower — now he's been forced out of the company and is waiting for various federal agencies to rule on the complaints he brought against the company.

A layperson-friendly introduction to MMT, a heterodox school of economics that could finance a Green New Deal

Modern Monetary Theory (AKA MMT) is the latest incarnation of a long-running current in economic thought, once called Chartalism, which has gained prominence in recent years as an alternative to austerity economics, whose dictates have immiserated millions, destabilized world politics, and threaten the extinction of the human race thanks to climate inaction in the guise of "fiscal restraint."