HILLARY: “Don’t let anybody tell you that it’s corporations and businesses that create jobs.” — Hillary Clinton, speaking at a political rally in Massachusetts, Oct 24, 2014. (Clinton supporters claim she is quoted out of context; you can find their argument here.)
“We borrow from Japan and Europe to defend Japan and Europe, though World War II has been over for 70 years.” —Pat Buchanan, “Things Fall Apart,” syndicated column, Oct. 24, 2014.
UH-OH: “The extent of and continuing increase in inequality in the United States greatly concern me. …I think it is appropriate to ask whether this trend is compatible with values rooted in our nation’s history, among them the high value Americans have traditionally placed on equality of opportunity. …In such circumstances, society faces difficult questions of how best to fairly and justly promote equal opportunity.” — Federal Reserve Chair Janet Yellin in a speech entitled “Perspectives on Inequality and Opportunity from the Survey of Consumer Finances,” Oct. 17, 2014.
THE NEW CONSUMER REGULATION:
“It’s important to remember that Uber drivers and Airbnb hosts are already very heavily regulated, and in some ways they are regulated even more intensely than traditional taxis or hotels by a very ruthless group of regulators — the consumers who use their services and can rate each driver after every Uber ride and rate each host after every Airbnb stay. And the regulation goes both ways — the Uber drivers rate their passengers and the Airbnb hosts rate their guests. So the issue really isn’t a choice between government regulation and a completely unregulated sharing economy; the issue really is who is the primary regulator: a) government bureaucrats and legislators who are often captured by regulated industries like taxi cartels (Big Taxi), or b) the consumers.” — Mark J. Perry, “In the battle between sharing economy entrepreneurs and regulators, I’ll bet on the entrepreneurs like Uber and Airbnb ,” Carpe Diem blog, American Enterprise Institute, Oct. 23, 2014.