a_tartaruga
Joined 4 years ago
Joined 4 years ago
The book Virtual Barrels by Ilia Bouchouev.
The details and mechanics of financial option pricing.
> If everyone had an oil well on their property that was affordable to operate the price of oil would be more akin to the price of water.
This is not necessarily even true https://en.wikipedia.org/wiki/Jevons_paradox
I recently went down this rabbit hole a bit thinking this was the obvious solution and was surprised to learn that the Reagan administration legalized all illegal immigrants in the USA in 1986: https://en.wikipedia.org/wiki/Immigration_Reform_and_Control....
State control over employment and borders in the US is just too weak to prevent people coming over and so 30 years later this leads right back to the initial state.
> if anything goes even a tiny bit sideways you just throw your hands up and expect to lose both the mother and child
Of course not. This wrong in two important ways. Midwives are medical professionals. They can administer medicine. Most notably they can administer Pitocin to stop hemorrhage after the placenta is delivered. This is the most common cause of maternal death during labor.
The other way this is wrong is it ignores the option of transferring to a hospital in an emergency. Midwives assess medical risk and can make the call to transfer. Delivering mothers who are overwhelmed can also make the call.
> And you actually pay for this?
The midwife model of care has many advantages over common OBGYN practices. As one example midwives are often delivering 2-3 babies a month instead of many every day. As another example the person delivering your baby is someone you have actually met before and have built a rapport with. Some hospitals try to make this happen with doctors but it is commonly not the case.
Overall the tradeoff is worth it to many people -- it's about 1% of births in the US.
Midwives are medical professionals who have the equipment and expertise to intervene in the most common scenarios that require it.
It will still cost you 5 - 10k for a good midwife and you'll still want to be insured in case you need to transfer. So it only knocks off 5-10k from the total.