Let $E$ be a Banach space (complete normed vector space) and $T:E\to E$ linear and continuous with $\|T\|<1$, with the norm $\|f\|=\sup_{x\in S}|f(x)|$ where $S$ is the unit sphere $S = \{x\in E$ st. $|x|=1 \}$. Then $\|T^n\|\le \|T\|^n$ for any $n\ge 0$.
I'm trying by induction: for $n=0, |Id| = 1$. For $n+1$ I think I should use $\|T \cdot S\|\le \|T\|\|S\|$ but I'm stuck in proving this last inequality.
Thanks in advance for any hints.
To prove the first inequality: $$ \|TS\| = \sup_{\|x\| = 1}\|TSx\| \leq\|T\| \sup_{\|x\| = 1}\|Sx\| \leq \|T\|\|S\| $$ This follows from the fact that for any $x$: $$ \|Tx\| = \left\|T \left(\|x\|\frac{x}{\|x\|}\right)\right\| = \|x\|\left\|T \left(\frac{x}{\|x\|}\right)\right\| \leq \|x\|\sup_{y = 1} \|Ty\| = \|x\|\|T\| $$ And this result uses the fact that $\frac{x}{\|x\|}$ is a unit (norm 1) vector.