I don't know. It's good that we have know conclusive non-effectiveness, right? Is Olga Khazan volunteering $150m to run the first two phases of a drug trial? Sh

I don't know. It's good that we have know conclusive non-effectiveness, right? Is Olga Khazan volunteering $150m to run the first two phases of a drug trial? Should that money be spent on worse bets? Does she have an opinion on which bets were better (no)? IMO, better to live in a world where drug development happens due to good storytelling and we get an answer, good or bad, regardless of macro, rather than drug development only occurring during ZIRP.