The special challenge of being a Jewish wartime leader

Tucker Carlson took a break today from spreading Russian disinformation and Covid misinformation to interview Rymma Zelenska, Ukrainian president Volodymyr Zelenskyy’s mother.

Fox News: Mrs. Zaxby’s, the whole world admires your son Voldemort for his
personal courage, determination, and brave leadership. You must be very proud.

Rymma Zelenska: My other son is a doctor.

(The above makes me wish that there was a web page that would generate a Facebook fact check PNG to add to non-Facebook pages. The kinds of images that we see in “Facebook versus the BMJ: when fact checking goes wrong” for example (note that folks at the 180-year-old medical journal claim to know more about medicine than Facebook’s independent fact checkers). Fact checking myself, I can’t find any Internet source suggesting that Volodymyr Zelenskyy has a brother.)

Meanwhile… Shabbat Shalom! (and I hope this is not too soon)

Related:

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Philip’s Book Club: Bubble in the Sun (about the Florida real estate boom 1895-1926ish)

The latest book… Bubble in the Sun: The Florida Boom of the 1920s and How It Brought on the Great Depression (Christopher Knowlton). I’m enjoying it so far (listening via Audible). Timely, considering that home prices in the decent neighborhoods of Florida have roughly doubled since the lockdowns began in the Northeast and California.

The author notes that at some point in the 1920s, Florida had 60 million single-family house lots mapped out and ready to sell.

Chart of Florida population growth from 1900-1930 (source):

For context, here’s Maskachusetts v. Florida over 120 years:

Note that 1947 is highlighted as an important year for window air conditioners and the 1960s as when home central A/C become standard (energy.gov).

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Medical School, Year 4, Week 6 (Cardiothoracic Surgery, Week 2)

I’ve now done enough coronary artery bypass graft (CABG) surgeries to learn the typical sequence:

  1. Surgeon arrives for “time out” (checklist review to prevent, e.g., wrong side operation), then leaves the room for the physician assistant to harvest the saphenous vein. The anesthesiologist performs a trans-esophageal echocardiogram to visualize pre-graft cardiac function.
  2. Surgeon reappears for scrub-in.
  3. I struggle to find space for myself between the perfusionist console and the surgical tech table while the surgeon and PA make the incision and perform the sternotomy.
  4. I watch from behind as the surgeon harvests the left internal mammary artery (“LIMA”, however the latest term: “left internal thoracic artery”)
  5. Surgeon has me switch with the physician assistant (PA). Surg tech hands me the cannulation equipment
  6. Surgeon tells me where to pick up the pericardium with the DeBakeys (non traumatizing forceps) to apply tension. The surgeon incises and throws sutures into the pericardium. We grab the sutures to fold back the each side of pericardium for better visualization of the beating heart.
  7. Cannulation time: the surgeon throws circular sutures (one or two, depending on preference) into the aorta and right atrial appendage. The heart is beating so the surgeon times the throws (needle push through tissue) based upon the relaxation of the heart. Once thrown, I grab each suture, cut the needle, and thread the suture through a rubber tube. I hand the surgeon the venous cannula, and he punctures the right atrium in the marked circle. I then pull the suture tight while pushing on the rubber tube. This tightens the suture around the cannula to create a seal. Repeat on the aorta. Every time I touch the heart, the screen shows an ectopic beat.
  8. We clear the air from the tubes and clamp the aorta proximal to the aorta cannulation site. The surgeon announces to the perfusionist to go “on pump”. The surgeon will tell the perfusionist to infuse cardioplegia (cold solution of high potassium) that paralyzes the heart. Blood pressure flatlines at around 90mm of mercury (as opposed to the usual rise and fall with the heartbeat).
  9. Anastomosis: The surgeon identifies areas to bypass the blockages. While he looks, I ask to make sure I know what vessel he is thinking about. “That’s the Left Anterior Descending artery?” He responds, “No, he has a small LAD, this is actually the OM1.” The surgeon and PA wear loupes to see the 6-0 suture (0.33mm diameter) to bring the vessels together. First is the graft-coronary anastomosis, then the aorta-graft anastomosis. The PA “follows” the surgeon’s throws to prevent “locking” the suture. I use the “blower” to blow a thin stream of air into the field to provide better visualization of the vessels (one attending barks at me: “it takes forever to de-air the left ventricle”). I am also in charge of squirting water onto the surgeon’s hands while he or she ties the suture. Each anastomosis takes about 10 minutes and is done in a quiet OR.
  10. Anastomosis is complete. Surgeon uses a doppler to confirm patency and good flow.
  11. Anesthesiologist reports on cardiac function. Frequently, there will be immediate improvements in the regions that were impaired. 
  12. Surgeon inserts ventricle and atrial pacer wires and pushes them out through the skin. 
  13. Surgeon inserts drains (“chest tubes”) into the pericardial and pleural spaces. The nurse connects them to suction.
  14. Perfusionist stops cardioplegia, and warms the blood. The heart begins to beat slowly, then goes into ventricular fibrillation. The surgeon takes the paddles and defibrillate the heart into sinus rhythm.
  15. Surgeon closes the sternum with stainless steel wire and scrubs out.
  16. Time to close. Usually I work with the 45-year-old head surgical PA, who patiently tries to teach me all of her chest-closing tricks. “We close differently than downstairs [in general surgery]. In the thorax, no space is allowed or it could blow up into a raging infection.” She instructs me, “Take smaller bites.” We close in multiple layers, typically 3-4 to ensure there is no potential space for fluid to accumulate. After the second operation, I am able to close three inches of the 10-inch incision before the PA meets me in the middle. “Good job, you are teachable.” (on the first two, she redid my sutures because they were too far apart)

Medical students are required to skip cases on Thursday to attend a Dean’s session highlighting a “medical topic of critical importance,” one of three each year. The topic this week is “LGBTQ myths and medical miracles” and the speaker (“Dr. Castro”) is an internist from San Francisco. “How many of you have heard of Stonewall Inn? This is recognized as kicking off the Gay Pride and fighting for gay rights. I went to medical school in the 1980s. We had a psych lecture titled, ‘Homosexuals, pedophiles, and beastiality.’ I give this timeline to highlight the challenges people have overcome, and the amazing change in perspective in such a short amount of time. I want to remind everyone that this fight is still ongoing. Look at Pulse Nightclub, an evil that should shake every American. Look at Trump trying to say sex is not gender identity, and that anti-discrimination laws do not apply to us.”

[Editor: Why would LGBTQIA+ community members want anti-discrimination laws to apply to them? Generally these laws cover classes of workers whom employers regard as inferior, e.g., older or disabled workers, racial groups with low academic achievement, etc. Would it help gay physicians, for example, if the government officially says “Because of their evening sexual activities, these doctors will not be able to treat patients as well and therefore you shouldn’t hire them unless you’re forced to”?]

He pauses. “How many of you are in a target group?” Half of the hands go up. Dr. Castro: “Every single one of you should raise your arm. Every woman should raise your hand, you don’t get equal pay for equal work. If you have any degree of pigmentation in your skin, raise your hand; you are a victim.”

The first slide contains only the text, “If we can get to sensitive.” Dr. Castro asks the class, “Let’s say a close friend came out as gay. How would you feel?” The first answer, “I would not care,” turns out to be wrong. “Embarrassed he did not tell me sooner,” and “Proud they trusted me” were received with approval.

Nobody was willing to go on record with an anti-gay sentiment, so the speaker had to step in and play the role of the prejudiced. His stereotypical anti-gay sentiments included “They walk around in Speedos at Pride festivals,” and “Are children raised by gay couples at a disadvantage?”

[Editor: “Growing up with gay parents: What is the big deal?” (Linacre Quarterly 2015, a bioethics journals) reviews the research on the last topic. Sample:

A 2013 Canadian study (Allen 2013), which analyzed data from a very large population-based sample, revealed that the children of gay and lesbian couples are only about 65 percent as likely to have graduated from high school as are the children of married, opposite-sex couples. The girls are more apt to struggle academically than the boys. Daughters of lesbian “parents” displayed dramatically lower graduation rates. Three key findings stood out in this study: children of married, opposite-sex parents have a high graduation rate compared to the others; children of lesbian families have a very low graduation rate compared to the others; and children in the other four types of living arrangements (common law marriage, gay couple, single mother, and single father) are similar to each other and fall between the extremes of married heterosexual parents and lesbian couples.

]

Dr. Castro explains, “One of the critiques from last year’s session was that there wasn’t enough medicine in this talk. So let’s talk about some of the medical treatments available for gender dysphoria.” Slide with two columns:

Gigolo Georgio asks, “Does insurance cover these treatments?” Dr. Castro: “Right now typically not, but we can get around this sometimes by using a different diagnosis. For example, a patient may have a fibroid that wouldn’t typically be an indication for a hysterectomy, but under this situation it can be. Or if the patient has a questionable breast mass, we decide that it should be removed.” The big event recently is we now have a DSM code for gender dysphoria. If we as advocates continue to persist, insurance companies will eventually pay for treatments with this DSM code.”

[Editor: “Long-Term Follow-Up of Transsexual Persons Undergoing Sex Reassignment Surgery: Cohort Study in Sweden” (2011): “Persons with transsexualism, after sex reassignment, have considerably higher risks for mortality, suicidal behaviour, and psychiatric morbidity than the general population. Our findings suggest that sex reassignment, although alleviating gender dysphoria, may not suffice as treatment for transsexualism, and should inspire improved psychiatric and somatic care after sex reassignment for this patient group.”]

Dr. Castro talks about the challenges faced by his transgender patients: “My patients usually shy away from the spotlight.  They work night jobs, or at a call center. Several are truck drivers. All transgenders are marginalized early which leads to distrust in systems, including the medical system. Many were kicked out by their family, had trouble finding a job, many drop out of school due to bullying. One in four attempt suicide by 25. One in five who come out are kicked out by their PCP. There is no way to reverse this overnight.” Type-A Anita is the first to respond. “How do we fix this?” Dr. Castro: “It will take concerted effort. For example, educating medical staff on proper pronouns, and redesigning medical forms and EMRs into gender neutral forms.”

Statistics for the week… Study: 6 hours. Sleep: 7 hours/night; Fun: 1 night. Example fun. Jane, Luke, Samantha, and I grab beers and burgers. Samantha gets $5,000 per year for CME at her HCA hospital job. She and a colleague (also a PA) just returned from a hospitalist conference in Oregon.

Over dinner, we discuss media coverage of hospitals taking poor patients to court and garnishing wages. A large academic center (University of Virginia) was featured for pursuing patients whereas the for-profit HCA hospital was more charitable. Samantha: “HCA doesn’t divert. We will accept any patient even if our hospital is full. It is so bad right now that each hospitalist has 27-30 patients.” Jane, “I can’t even keep my 2-3 patients straight.” Jane continues, “The ED is full, we have patients being admitted, treated, and discharged all in an ED bed. It got so bad once that we converted the cath lab into beds. I have 17 patients. The hospitalists who are in charge and technically sign orders and notes for billing don’t ever see my patients.”

The rest of the book: http://fifthchance.com/MedicalSchool2020

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Italian funeral customs

A suburbanite came to Boston’s North End, the historic Italian neighborhood, and was enjoying cannoli and espresso at Mike’s Pastry, which opened in 1946. He noticed a funeral procession down Hanover Street. A black hearse was followed by a second black hearse. Behind the second hearse was a solitary man wearing a Juventus jersey walking a dog on a green, white, and red Italian-flag leash. Behind him, keeping a respectful distance, were nearly 200 men walking in single file.

The suburbanite couldn’t stand the curiosity. He respectfully approached the Italian man walking the dog and said, “I am so sorry for your loss, and I know that this is a bad time to disturb you, but I’ve never seen an Italian funeral and I’m trying to understand the protocol. First, whose funeral is it?”

“Mia moglie. Scusi. My wife’s.”

”What happened to her?”

“She-a yelled at me and my-a dog attacked and killed her.”

The suburbanite was horrified, but still curious. “Why is there a second hearse?”

“Mia suocera… I’m sorry. My mother-in-law. She-a came to help my wife and the dog turned on her and-a killed her also.”

In a poignant and touching moment of fellowship and brotherhood, silence passed between the two men.

After a decent interval, the suburbanite lowered his voice almost to a whisper and asked, “Can I borrow the dog?”

The Italian man replied, “Get in line.”

North End of Boston (mid-ground), during Month 3 of 14 Days to Flatten the Curve (May 2020; Tony Cammarata behind the camera and me behind the cyclic):

Mini-Goldendoodle with the heart of a lion in Stuart, Florida last month:

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Inflation prediction to check in 2028

“Will Inflation Stay High for Decades? One Influential Economist Says Yes” (WSJ):

When the global economy tanked in March 2020, the rate of inflation looked like it was heading to zero. That made it a surprising moment for former U.K. central banker Charles Goodhart to predict that inflation would hit between 5% and 10% in 2021—and stay high.

“The coronavirus pandemic will mark the dividing line between the deflationary forces of the last 30 to 40 years and the resurgent inflation of the next two decades,” said the 85-year-old economist in an interview. He predicted that inflation in advanced economies will settle at 3% to 4% around the end of 2022 and remain at that level for decades, compared with about 1.5% in the decade before the pandemic.

He argued that the low inflation since the 1990s wasn’t so much the result of astute central-bank policies, but rather the addition of hundreds of millions of inexpensive Chinese and Eastern European workers to the globalized economy, a demographic dividend that pushed down wages and the prices of products they exported to rich countries. Together with new female workers and the large baby-boomer generation, the labor force supplying advanced economies more than doubled between 1991 and 2018.

Now, he said, the working-age population has started shrinking across advanced economies for the first time since World War II, and birthrates have declined as well. China’s working-age population is expected to shrink by almost one-fifth over the next 30 years.

The beauty of the above theory is that we can mark our calendars to test it! I propose January 15, 2028. At least currently, the BLS releases CPI numbers on January 12. The economy is subject to heavy manipulation by politicians seeking reelection, but 2027 won’t have been an election year.

How about we say that this guy is a genius if inflation has, in fact, run at an average rate of higher than 3 percent for the period January 2021 through December 2027? I don’t think it is fair to demand that he be held to the 4 percent upper bound due to the fact that desperation and incompetence among politicians could easily result in some months or years of runaway inflation. I’m going to schedule a blog post for January 15, 2028!

With houses in any reasonably desirable neighborhood going up by 20-50 percent per year, you might argue that betting that Charles Goodhart is correct is too easy. But the WSJ mentions some naysayers.

A central criticism of Mr. Goodhart’s thesis is that countries with more retirees and fewer workers, such as Japan, have the opposite problem—very low inflation rates.

(Wikipedia says that he has a Ph.D. from Harvard and is an professor emeritus at LSE, but he is “Mr. Goodhart” rather than being presented as a colleague of Dr. Jill Biden, MD, PhD.)

I’m prepared to love Professor Dr. Goodhart because he references the Black Death in responding to the above criticism:

Mr. Goodhart argued that workers likely won’t save enough for their retirement, and that pensioners consume more than they produce, especially with healthcare. The dwindling pool of savings, combined with increased corporate spending to secure supply chains and make up for a lack of workers, will push up interest rates, he predicted. He said the Black Death, a 14th century pandemic, triggered a quarter-century of soaring wages and rampant inflation.

See

for my own Black Death obsession.

If Goodhart is correct, anyone who doesn’t take a fixed-rate 30-year mortgage offered at 3.25 percent is going to feel stupid!

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Two-year anniversary of National Naval Aviation Museum’s temporary coronapanic closure

Two years ago (CBS):

The National Naval Aviation Museum is temporarily closing due to concerns over coronavirus.

The museum will be open this weekend, and then close on Monday, March 16.

According to the museum’s official web site, the museum is now technically open, but practically closed because the taxpayers who have been funding it for the past two years are not allowed on the base.

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How is Women’s History Month going?

How is Women’s History Month going for you? Here’s what happens when you type “women’s history month” into an incognito browser (i.e., not affected by your previous search history):

Note that Black History Month and National Hispanic Heritage Month are related events, as far as Google is concerned. I’m not sure what corner of Google’s algorithms decided that “Oh Bondage! Up Yours!” was a good theme song for the month.

Some people think little girls should be seen and not heard
But I think “oh bondage, up yours!”
One-two-three-four!
Bind me, tie me, chain me to the wall
I wanna be a slave to you all

Here’s another choice from Google for “Women’s History Month” music, “Girls Need Love”:

I just need some dick
I just need some love
Tired of fucking with these lame n****s
Baby, I just need a thug
Won’t you be my plug, ayy

Do the above lyrics fall into the “resilient”, “brilliant”, or “boundless” category? (from the preceding image)

(Separately, if the girl seeking a “thug” to be her “plug” is also seeking $millions in tax-free cash, she might wish to verify the thug’s income with IRS Form 4506-C and also arrange for the plugging to occur in a state where unlimited child support profits are available. What rhymes with “4506-C” for updated lyrics?)

The first page returned by Google includes a link to a Presidential proclamation. Dr. Biden’s spouse notes that “LGBTQI+ women and girls are leading the fight for justice, opportunity, and equality — especially for the transgender community.” (contrast to the use of “2SLGBTTQIA+” by Justin Trudeau) Yet Mx. Biden never defines what he/she/ze/they means by “women” or “girl.” Maybe that is a job for a new committee?

I established the first White House Gender Policy Council to advance gender equity across the Federal Government and released the first-ever national gender strategy to support the full participation of all people — including women and girls — in the United States and around the world.

Readers: What have you done so far to observe Women’s History Month 2022?

In our family, we showed the kids Welcome to Earth, Descent into Darkness, in which Will Smith goes down in a research submarine with Diva Amon, who apparently identifies as a “woman of color” (26:40):

A big part of my work is trying to change that. I’ve been on like 16 expeditions now and there is hardly ever anyone who looks like me. Whether it’s a woman, a person of color, or a person from a developing country. And I want that to change. That’s a big part of why I do what I do.

Dr. Amon provides a technical explanation of the sub at 25:00 in which she explains that there is “horrible creaking” that is “unnerving.”

A person who doesn’t look anything like Diva Amon makes an unfortunate appearance at 3:09. It seems that the technical aspects of the dive and the submersible and, therefore, the safety of Will Smith and Diva Amon, are entrusted to someone who could appear in Mediocre: The Dangerous Legacy of White Male Power.

The Nadir submersible is an off-the-shelf product described in “Blue Planet gives super-rich their new toys – submersibles” (Guardian), a Triton 3300/3. The engineers who designed it are not credited in the show, but searching for the sub’s name eventually leads to the Triton Team page and the engineering team that made the machine possible:

Plus two engineers on the top management roster:

In addition to being an inspiring story for Women’s History Month, by not mentioning any of the engineers who made the dive possible, the show serves as a great lesson for anyone considering making the mistake of majoring in engineering!

Related:

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Medical School 2020, Year 4, Week 5 (Cardiothoracic Surgery, Week 1)

The cardiothoracic surgery service invites in some residents and medical students each year, but does not rely on them in the same way that other services do. For six months per year, PGY3 residents come in one month at a time. I am one of four medical students who will rotate in this year. Instead of the usual group of residents, an army of advanced care practitioners (ACPs, physician assistants and nurse practitioners) run the OR, ICU, and step-down units (separate wing of the hospital from general surgery’s).

The clerkship director is a portly bald 60-year-old with a truly general cardiothoracic practice:  4 CABGs (coronary artery bypass graft) per week, 2-3 lung resections (removing lung cancer tumors), and 3 esophageal resections per month. “Most CT surgeons that graduate focus on either thoracic or cardiac. If I had to choose, I would focus on more thoracic now just because the lifestyle is better. As I get older, I’m less enthusiastic about being paged in the middle of the night.” He also noted that demand for cardiac operations is weakening due to interventional cardiology with newer stents and endovascular heart valve replacements (e.g., transcatheter aortic valve replacement or “TAVR”). 

A typical day requires getting up at 4:30 am to look at the case board on Epic to select interesting operations, e.g., a CABG or an aortic arch replacement. I get in at 5:45 am to pre-round on patients on whose cases I previously scrubbed in. Each attending comes in at a different time to round on his or her patients with the ICU ACPs before cases begin at 7:00 am. I struggle to find them, roaming the OR, ICU, pre-op holding, and step-down units and pestering nurses every 10 minutes: “Have you seen Dr. Johnson yet?” I balance rounding on my patients with preparing for today’s cases and try to find the attending with whom I want to scrub in. I usually find the patient first and introduce myself before getting formal approval from the attending.

The first case is a video-assisted thoracoscopy surgery (VATS) lung resection for a pulmonary nodule highly suspicious for lung cancer. The nodule was not amenable to biopsy. We are removing his right upper lobe (about 35 percent of one lung). The patient’s lungs are terribly emphysematous from smoking. Large black spots and fluid-filled blebs line the lung surface. The attending points out all the relevant anatomy to me, for example, the pulmonary veins and aortic arch. I close the small incision after the PA closed the fascia and port sites. The case ends around 12:30 pm. 

(I follow this patient for the next week. A known complication of this surgery, especially when the lung has been compromised by smoking, is an air leak into the pleural cavity from damaged lung tissue. Air seeping into subcutaneous tissue inflates his left chest wall, giving him the appearance of a weightlifter who works only his left pec. After 24 hours, the air has expanded his neck and face to chipmunk proportions and we take him back to the OR to pour water on the lung in hopes of finding the leak. The anesthesiologist will inflate the lung and we spray talc powder wherever we see bubbles. The resulting scar tissue sealed up the lung for this patient. Pathology results came back a week later on the tissue we’d removed. He had adenocarcinoma, stage 1. Translation: we found it in time and cured him, at least until the next smoking-related cancer reveals itself.)

Each attending handles one major case per day, four days per week, and has an additional weekly clinic day to talk to pre-op and post-op patients. I can generally leave at 1:00 pm, but there is usually an interesting patient in the ICU and a lot to be learned from the ACPs. For example, we have two patients on extracorporeal membrane oxygenation (ECMO) after septic shock. While the PA and perfusionist are explaining ECMO indications and options, there is a rapid response on my patient after a post-op day 2 coronary artery bypass graft (CABG)..

Our 86-year-old patient is in atrial fibrillation with rapid ventricular response (“AFib with RVR”; pulse in the 150s). She is conversant, but disoriented and feels lightheaded. “My heart feels like it’s fluttering.” All patients in the cardiac ICU have defibrillation pads on. If there is time, we sedate patients with fentanyl or Versed before energizing the pads, but in this case we just shook her and she yells from the pain before returning to her disoriented haze. Unfortunately, she returns to AFib with RVR quickly. This cycle happens again. Her condition worsens. She goes into ventricular tachycardia, but still has a pulse so we don’t begin CPR (compressions). The ICU team pages the electrophysiology cardiology team for advice. They recommend something we’d already ordered: a bolus followed by a drip of amiodarone, an antiarrhythmic agent. This should have been on the code cart, but it hadn’t been restocked so we waited roughly 6 minutes for our dedicated pharmacist to bring it up.

The attending, our clerkship director, eventually arrives and instructs us to stop the dobutamine drip (heart stimulator). Our patient goes into and out of sinus rhythm and AFib with RVR now. The attending asks whether we are pacing her atrium. The NP running the code grabs the pacer machine. During the surgery, atrial (blue) and ventricular (white) wires were placed in the patient’s heart muscles. They’re capped when not in use, however, and the rushing NP plugs them into the wrong ports of the pacer machine. Due to the switched leads, we can’t program it to atrial pacing. “Who switched the leads?” the attending asks. “Our atrial lead is always blue. Who switched this? I want this written up.” The NP: “I did. I will take the blame for that.” The other nurses and ACPs shake their heads. The attending storms out.

[Editor: Why wouldn’t these leads and ports have connectors such that it was mechanically impossible to hook them up in reverse? How tough is it to crimp a 15-cent connector on the end of the lead instead of relying on bare copper and a color convention?]

As the staff return to the nursing station, my attending continues to unload on the NP: “I also need to talk to you about removing the Swan-Ganz catheter on my patient. When we are using that information to increase pressors, don’t remove it until we have stopped the pressors. How else will we know if we can stop that intervention? How do we know she still needs the pressors?” (He has a legitimate point, the NP should not have green-lighted the removal of the Swan-Ganz catheter while the patient was on an increasing pressor requirement, despite the pressure to remove it under the established standardized protocols.)

Cardiac surgeons have a reputation for being unfriendly to students, but I found them quite welcoming in the OR, if not prone to small talk. Nobody asked about my background or what I hoped to do after graduating.

Statistics for the week… Study: 5 hours. Sleep: 6 hours/night; Fun: 0 nights. Coffee with Ambitious Al at the hospital twice. To boost his resume for plastics residency, he is doing three away rotations, also known as “acting internships” or “visiting electives”.

The rest of the book: http://fifthchance.com/MedicalSchool2020

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The Money Mandarins are responsible for our debased money

Raging inflation at the sushi and noodles place near Legoland (burned some $4.50/gallon dinosaur blood in the minivan):

Can we find someone to blame for our debased money? The Wall Street Journal can! “The Humbling of the Federal Reserve” (3/14/2022):

The central bank faces an inflation mess of its own making.

Government spending excesses in 2020 and 2021 played a role, but the Fed made all of that easier to pass by maintaining the policies it imposed at the height of the pandemic recession for two more years. Low interest rates make deficits seem more fiscally manageable than they really are. The Fed has continued to buy Treasurys and mortgage-backed securities even as inflation nears 8%—right up until this week’s meeting.

What went wrong? The Fed is supposed to have the world’s smartest economists and access to the best financial information. How could they make the greatest monetary policy mistake since the 1970s?

Part of the answer lies with the Fed’s economic models, which are rooted in Keynesian analysis in which demand trumps all. The Fed models give little thought to incentives for or barriers to the supply-side. As finance scholar Emre Kuvvet wrote recently on these pages, among economists in the Federal Reserve System, Democrats outnumbered Republicans by 10.4 to 1 in 2021. They prefer James Tobin over Milton Friedman.

This leads the Fed to overestimate the growth effect of federal spending but underestimate the growth benefits of regulatory and tax reform. For years after the 2008-2009 recession, the Fed’s governors and regional bank presidents predicted faster GDP growth than what happened. But they missed the faster growth after the 2017 tax reform.

What happens next? We’re told to expect an 0.25 percent increases in interest rates. How much of a difference can that make when interest rates remain lower than inflation (i.e., when you’d have to be a fool not to borrow)?

The news from Legoland isn’t all bad, incidentally. There are no problems too challenging for Presidents Biden and Harris to tackle from the White House:

History lesson: a stroller was often as important as a battle axe:

Related:

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Brandeis students’ concerns while Ukrainians are shelled

A photo taken last week, while Ukrainian cities and homes were being destroyed, on the Brandeis University campus:

While bravely behind a Zoom screen, students identifying as BIPOC could participate in the “Surviving White Spaces” support group, for example. There was “drop-in” support for the pandemic (where “drop-in” is defined as clicking on a Zoom URL). For those who weren’t sure whether they belonged in the 2SLGBTQQIA+ community, there was “Gender & Sexuality Exploration”, from which one could presumably segue into “LGBTQ+ Support Group”.

What about Americans who aren’t in college and who aren’t in Ukraine? They too are experiencing a “tragedy” according to Atlantic magazine’s “How did this many deaths become normal?”:

The U.S. is nearing 1 million recorded COVID-19 deaths without the social reckoning that such a tragedy should provoke. Why?

Why did the CDC issue new guidelines that allowed most Americans to dispense with indoor masking when at least 1,000 people had been dying of COVID every day for almost six straight months?

America is accepting not only a threshold of death but also a gradient of death. Elderly people over the age of 75 are 140 times more likely to die than people in their 20s.

How much of this extra mortality will the U.S. accept? The CDC’s new guidelines provide a clue. They recommend that protective measures such as indoor masking kick in once communities pass certain thresholds of cases and hospitalizations. But the health-policy experts Joshua Salomon and Alyssa Bilinski calculated that by the time communities hit the CDC’s thresholds, they’d be on the path to at least three daily deaths per million, which equates to 1,000 deaths per day nationally. And crucially, the warning lights would go off too late to prevent those deaths. “As a level of mortality the White House and CDC are willing to accept before calling for more public health protection, this is heartbreaking,”

There is some good news in the article. Most of us do follow Science:

a poll that found that mask mandates are favored by 50 percent of Americans and opposed by just 28 percent

Apparently, there is nothing that can happen in Ukraine that will stop us from focusing on the concerns that we had prior to February 2022.

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