August 05, 2008
A Lot Has Happened Since Thursday
1. US Per-Capita GDP is now lower.
2. The percentage of our family income and the percentage of US GDP devoted to health care is now higher.
3. My estimate of the probability that major diseases like cancer and AIDS will be cured in my lifetime is now higher.
Jacob Henry Carden was born at 11:47 PM on Thursday, July 31. He was 21 inches long and weighed just under eight pounds. I would describe him as healthy, happy, and hungry. A family photo and an economics question are below the fold.
Our First Family Photo, Baptist Hospital, 8/1/08.
An economics question: does claim #3 depend on any particular assumptions about Jacob's career path? Why or why not? Answers?
Posted by Art Carden at 10:22 AM in
Misc.
