🚨 What happens when the gov't cuts prices on medical technologies? New research (w/ Yunan Ji) finds a 61% price cut led to: 75% drop in innovation (may fully offset savings) 49% fewer new firms 28% more production moved overseas 3x repair/replacement rate 🧵(1/n)

Actually twice as radius

TFP be like

Demand curves sloping down once again undefeated

Bird flu speedrun

Finished the blog post, link below

Every synthetic biologist, every biochemist, when they dream, will sometimes hear a voice calling A whisper on the wind, as impossible as infinity, as sweet as the ambrosia of the very Gods "Engineer RuBisCo" And this paper takes us one step closer nature.com/articles/s4158…

The best study I know estimates that each dollar of NIH spending generates $1.40-$2.80 in value counting *only the private return from drugs*, ignoring consumer surplus, med devices, public health, behavioral science, etc...

Why we can’t defund science

Office space for 2 grad students

What a time to be alive

Not too much goin' on today, so I thought I'd tell you about a new paper just published in NEJM Evidence, w/ Josh Angrist, Carol Gao, and Robert W. Yeh We explain why instrumental variable (IV) methods are essential for randomized trials of medical interventions that fail to play out

Truly an honor to have had the chance to write this paper with Arash Mostaghimi