The Ledger
Every statement that passed quotation and attribution checks. Mix any filter with any other: certainty 1/5, debate potential 5/5, or both at once.
why aren't all 3 resolved? a statement only gets an assessment when the public record can support or contradict it. opinions and what-ifs never can, and 0 checkable ones are still open, waiting for their date. predictions held up or didn't; assertions are supported or contradicted. on every card: ▮▮▮▮▮ certainty · ▮▮▮▮▮ debate potential. speakers are clickable
Warsh: The wealthiest extract the primary gains from central bank QE
“Where the gains have been extracted by the most well-to-do, by the most sophisticated, who see that the central banks are, to one degree or another, trying to get asset prices up to drag up the real economy. They get the joke, they have been willing to play th…”
Warsh: The Federal Reserve Needs Less Groupthink and Diverse Models
“What the Fed needs is a more robust discussion of ideas. Less groupthink. I don't like it that everyone's following the same model.”
Warsh: Quantitative easing impacts the economy primarily through asset prices, not lending
“Easing is fundamentally different than cutting interest rates, in that it appears to be working through fundamentally different transmission channels. No longer credit channels and lending channels appear to be the dominant way in which it impacts the economy.…”