[astrange]

> In the early years of Israel, for instance, Israel had far more physicians per capita than they actually required and many of them had to take other jobs.

That'd be a good problem for the US - we don't have enough of them because we restrict immigration and licensing so strictly. But yes, some of them do end up taking other jobs and starting businesses and it works out in the end. More people = more economy.

Of course, adding more of some inanimate objects can increase demand for them because of things like network effects, and there's nothing surprising about that. A phone or a gold bar isn't very valuable if there's only one of them in the world; nobody's going to want it.

[philwelch]

> That'd be a good problem for the US - we don't have enough of them because we restrict immigration and licensing so strictly.

As a consequence of regulatory capture by the AMA, who don't want their pay to go down. Which furthers my point that their pay would go down, assuming that the AMA aren't total idiots ;)