Saturday, September 27, 2008

The BuyOut Bet: Caplan is at it again.

I have to say that I get excited when Caplan wants to make a bet. Anytime someone who knows little about economics but can not help themselves from making outlandish claims; Caplan calls them out. With a gesture of a bet, he tells them that "Talk is Cheap", and that they need to "Put their money where their mouth is." For anyone can say anything, but if you ask them to put money behind their claims, it will prove how much they truly believe in what they say.

1 comment:

Genevieve said...

That is why I love InTrade- it's a really good predictor, better than the average political blog. Not, I hasten to say, better than the average economics blog... ;)