Are stock buybacks bad for the economy?

Some people denounce stock buybacks. They’re a scam! They’re destroying the economy! They only benefit the rich! Are stock buybacks bad for the economy? Let’s take a look. Definition A stock buyback is when a company buys back shares of its own stock. This reduces the total number of shares held by the investing public. … Continue reading Are stock buybacks bad for the economy?


Conversation with a young socialist

This is a transcript of my conversation with young Sally Socialist. Me: “Thanks for meeting me.” Sally: “No problem.” Me: “Socialism seems to be getting more popular, so I thought it might be interesting to talk with a socialist.” Sally: “I don’t know if I’m really a socialist. I just want everyone to be treated … Continue reading Conversation with a young socialist

Faith in science

Science is always true and accurate, right? Not necessarily. Irreproducible Peter Wood and David Randall of the National Association of Scholars wrote an article for the April 17th Wall Street Journal on this topic. They start out by saying: “Half the results published in peer-reviewed scientific journals are probably wrong. John Ioannidis, now a professor of … Continue reading Faith in science