Wednesday morning news drop
Interest Rates vs. Inflation The average yields savers earned in the 1980s were higher than inflation, including education, healthcare and housing prices. Average yields remained above healing CPI numbers throughout the 1990s and 2000s. (A Wealth of Common Sense)
Your guide to ‘good news is bad news’ and ‘bad news is good news’ High inflation has made for unusual times. (TKer)
The Obscure Economist Silicon Valley Billionaires Should Dump Ayn Rand For: He lived almost 200 years ago, but Henry George’s theories might have something to offer people who want to put their money to good use today. (Vanity Fair)
The ESG Crown Is Slipping, and It’s Mostly the Fund Industry’s Own Fault: Plain-vanilla stock and bond funds are doing better than the socially responsible ones. (Businessweek)
Classic Car Experts on What to Expect From the Market This Fall: If you want an affordable old Chevy or mid-level Jaguar you may be in luck—they haven’t been selling. In August alone, overall sell-through rates were 16.3% lower than in August 2021, according to data from Classic.com. (Bloomberg)
Sheep Are the Solar Industry’s Lawn Mowers of Choice The laborious job of clearing weeds in solar-panel fields has triggered a welcome boom for American shepherds and their flocks. (Wall Street Journal)
Stephen Curry Said Davidson Changed His Life. He Changed Davidson. Curry, the N.B.A. superstar, returned to Davidson College, where he first showed how great he could be. The college, and its community, still feel his impact over a decade later. (New York Times)