And what did the

And what did the banks do to earn this perpetually flowing river of wealth? Did they lend out their own capital obtained through investment of stockholders? Did they lend out the hard-earned savings of their depositors? No, neither of these were their major source of income. They simply waved the magic wand called fiat money. … Read more

Vague promises of savings

Vague promises of savings from cutting waste, enhancing prevention and wellness, installing electronic medical records and improving quality are merely ‘lipstick’ cost control, more for show and public relations than for true change… Savings will require changing how doctors think about their patients: Doctors take the Hippocratic Oath too seriously, “as an imperative to do … Read more

I was becoming more

I was becoming more cunning than an animal in hiding my supply of morphine. A squirrel saving nuts is limited by its undeveloped imagination … but I was not so handicapped. A squirrel, for example, is debarred from sending money to some greedy doctor or druggist and making arrangements to have a bit of powder … Read more