Monday, December 14, 2009
Like Taking Money From a Bryan
Bryan Caplan bet me $100 that we wouldn't see 10% CPI inflation in any 12-month period over the next five years. What Bryan doesn't realize is that I would have paid $100 just for him to link to my article on the dollar. Heh heh, all too easy.
Comments:
Actually, Bryan got the best of you.
You never stipulated that the $100 reward be indexed for inflation. If Bryan has to pay out, it will be a greatly devalued $100 compared to the $100 you would pay him.
You never stipulated that the $100 reward be indexed for inflation. If Bryan has to pay out, it will be a greatly devalued $100 compared to the $100 you would pay him.
# posted by 
: December 14, 2009 at 6:59 PM
: December 14, 2009 at 6:59 PM
This means that Bob-o must believe more than 50% chance of 10% inflation
# posted by : December 14, 2009 at 7:10 PM
: December 14, 2009 at 7:10 PM
JS, you're forgetting to index for the pure pleasuring of winning money from Bryan Caplan. That is at least a 10% premium in and of itself, though Bob probably values it higher than that.
# posted by : December 14, 2009 at 8:00 PM
: December 14, 2009 at 8:00 PM
What happens if BLS "improves" it's methods of calculating CPI during the time frame?
# posted by : December 15, 2009 at 10:30 AM
: December 15, 2009 at 10:30 AM
Bob how can you trust the CPI will rise 10%. We all know you don't trust those numbers which means that you think the government will inflate above the 10% and can't "adjust" the numbers down.
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# posted by : December 21, 2009 at 3:31 AM
: December 21, 2009 at 3:31 AM Subscribe to Post Comments [Atom]
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