Academics used to be puzzled for quite some time why investors seemed to "love" dividends. But now they've acknowledged that investors seem to be right:
Data from the past 50 years compiled by Ned Davis Research shows that the annualized return of dividend payers in the S&P 500 was 9.2%, compared with only 4.3% for nonpayers, and with less choppiness too.
Well, we could always use more. But Thomas Sowell and Milton Friedman and the Alchian/Allen text and some acquaintance with the Public Choice literature and with history ought to enough for almost anybody.
A nice set of examples of microeconomic theory explaining the world.
Quite possibly one of the very most important ideas of properly taught economics--up there with scarcity, demand curves slope down, and opportunity cost-- is that in life there are tradeoffs everywhere.
"You’d be hard pressed to find a more fascinating straight line. The figure below is one of the most amazing graphs in all of climate policy.1 It shows the decarbonization of the U.S. economy from 1992 to 20252 — with decarbonization is defined as the ratio of carbon dioxide emissions (from fossil fuels) to GDP (in 2025$)."
Yes. We'd have a healthier economy if the people worried about "predatory" pricing worried instead about predatory government.
Excellent advice. I would just replace Knowledge and Decisions with my favorite, A Conflict of Visions.
"Two-thirds of NYers support city-owned grocery stores. Three-fourths support free buses. Nearly 80% support a rent-freeze."
A useful reminder about how quickly some latest-and-greatest technologies deflate.
The bubble inflated quickly, with share prices in British bicycle companies tripling in the space of months in 1896, even as the number of bicycle companies expanded more than five-fold.
But then a flood of low-cost American bikes invaded the market, and the mood soured.
Mr. Zohran Kwami Mamdani, who is running for and could be the next mayor of New York City, ends a dopey tweet with "Taxation isn't theft. Capitalism is."
I'd say it's about par for the Left these days.