I think you raise important points. I haven’t been in the weeds on this but I generally agree that aggregate demand for our specialty (like others) is cyclical and that the argument that supply will adjust to demand (eventually) misses the mark—too much pain in short term 1/n https://twitter.com/toddscarbrough/status/1286683233061568512

It seems to me that a Keynesian model where we adjust positions on the basis of some surrogate measures of demand seems reasonable (like the federal reserve). This means some residency positions would be transitory. Equity would have to ensured by folks in the know... (2/n)

Some folks have thought long and hard about this issue and would love to hear their input: @CShahMD @RTendulkarMD @JBStraussMD @SeanSachdevMD @KenOlivierMD and many others...