In Pursuit of Virtue – May Edition

Things from all over… 81.5% of Money Created through Quantitative Easing Is Sitting There Gathering Dust … Instead of Helping the Economy. and QE isn’t working!!! Mass shootings have an ever-clearer link, not to videogames or gun ownership, but to pharmaceutical drugs. Terrifying. Elizabeth Warren has no clue what she is meddling with, economically speaking.…

Details

iPhone in 1991 = $1.44MM

Fascinating: In 1991, a gigabyte of hard disk storage cost around $10,000, perhaps a touch less. (Today, it costs around four cents ($0.04).) Back in 1991, a gigabyte of flash memory, which is what the iPhone uses, would have cost something like $45,000, or more. (Today, it’s around 55 cents ($0.55).) The mid-level iPhone 5S…

Details