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Where there is no law, but every man does what is right in his own eyes, there is the least of real liberty
Henry M. Robert

Alberto Alesina

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23.05.2000 - 00:00
In the United States over the past 100 years, investments in stocks delivered an average 6% more than safe investments in short-term government securities. This differential has been quite stable over time, although between 1947 and 1994 it was slightly higher at 8%. The numbers are similar in...