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Initially, QE contributed to a pretty significant increase in inequality. It raised asset prices, which are owned primarily by the wealthy, while having relatively small if any positive impacts on bank lending, employment, wages or economic growth, so ordinary people haven't had much help. By the third round of QE in 2012-2014, the effects had likely muted quite a bit. There were probably not big impacts on asset prices from QE and the positive effects on employment growth might have strengthened somewhat.
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When, during the Second World War, the island of Malta came through three terrible years of bombardment and destruction, it was rightly awarded the George Medal for bravery: today Israel should be awarded a similar decoration for defending democracy, tolerance and Western values against a murderous onslaught that has lasted twenty times as long.
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To preserve liberty, it is essential that the whole body of people always possess arms...
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As a kid, I was obsessed with myths and legends and the haunting beauty of gothic stories.
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There are lots of cycles to markets - boom and bust - and also in perceptions of people. The conventional wisdom of Steve Case as genius or fool was highly cyclical. The truth was always in the middle.
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I've always been intrigued by Stockholm Syndrome. Reminds me of my childhood.
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[It's] difficult to engage people in politics when they believe that what really matters is where they personally stand.
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If you want it bad enough, you have to be willing to fight for it.
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The suppression of women's rights began with the suppression of women's rites.
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Thus does a 'necessary evil' become an idol. Maybe we're stuck with it. But do we have to worship it?
