Subject: Re: Dividends
"His job is more affected by Baumol's cost disease..."

Yay Jim

So far this morning I've made it through the NYT, the WSJ, The Atlantic, and some of the FT without learning anything of note.

But I'd never heard of Baumol's Cost Disease, despite finding on review of the subject that the original paper came out some time after I'd learned to read.

Appreciate the chance to connect a few neurons in new ways.

-- sutton
whose only economics "training" was reading a copy of Mankiw's textbook in my 40s