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Zubin Jelveh highlights this piece of wisdom (which I didn’-t quote in my previous post):
It seems to me that the truly important violations of the public trust are when the power we give our government officials is sold, rather than what government officials choose to buy. Yet our political scandals are too often dominated by private mistakes, rather than public misdeeds. This is why I’-m more worried about what the SEC is selling than what Eliot Spitzer has been buying.
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Psstt…- CNBC will have a special Eliot Spitzer piece starting at 8:00 PM EST, tonite (Wednesday, March 12), I’-ve just heard.
Psstt…- And “-Page 6″- has the pic of that woman, that “-Kristen”-…-
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Room 871:
Chris, The point about being more concerned with selling favors was suggested by the sentence immediately following the quote you originally cited. Why do I get the feeling that you don’t fully read what you link to? 🙂 Add to this the recent Ritholtz McCain post and Intrade’s supposed ethical breach for not disclosing the details of a play-money market-maker (which you tried to argue but really there was no basis for claiming that something unethical happened.)
1. I read (or scan-read) all what I link to here.
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2. I meant that my previous Wolfers post should have cited more of him. (I misspoke. To correct that, I have changed "missed" from "quoted" above.) I had read all his Freakonomics post, but should have cited more.
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3. I understood that Barry was tongue in cheek since he e-mailed me insisting on that, before you and I ever saw the post. So, you see, you’re completely wrong in accusing me of not sensing the undertone.
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4. You’re wrong on the AMM. I’m right.
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5. I still don’t get your "selling favors" accusation.
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6. You seem to be a bit paranoid, seeing problems where they aren’t any.
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7. How are your InTrade prediction markets? Are they going to be "the most popular InTrade markets ever" as you advertised them on TV? If you want to ask the hard questions on me. I can ask the hard questions on you, too.
I said in 2009, not "ever", but yes they have lost a lot of steam and that statement seems overconfident at this point, – or has always for that matter. There was no real follow-through to the apparent trend of the first week or so. Lack of news flow is the main culprit. I’m not going to bicker about the other stuff.
Great. We have one year and a half to see what happens to these contracts…
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(Hey, *you* started the bickering….
)
[…] BBN TV, claiming his tax futures markets will become InTrade’s most popular ones in 2009, but he managed to control well his descent to Earth: [Y]es they have lost a lot of steam and that statement seems overconfident at this point, – or has […]
Chris, The point about being more concerned with selling favors was suggested by the sentence immediately following the quote you originally cited. Why do I get the feeling that you don’t fully read what you link to? 🙂 Add to this the recent Ritholtz McCain post and Intrade’s supposed ethical breach for not disclosing the details of a play-money market-maker (which you tried to argue but really there was no basis for claiming that something unethical happened.)
1. I read (or scan-read) all what I link to here.
–
2. I meant that my previous Wolfers post should have cited more of him. (I misspoke. To correct that, I have changed "missed" from "quoted" above.) I had read all his Freakonomics post, but should have cited more.
–
3. I understood that Barry was tongue in cheek since he e-mailed me insisting on that, before you and I ever saw the post. So, you see, you’re completely wrong in accusing me of not sensing the undertone.
–
4. You’re wrong on the AMM. I’m right.
–
5. I still don’t get your "selling favors" accusation.
–
6. You seem to be a bit paranoid, seeing problems where they aren’t any.
–
7. How are your InTrade prediction markets? Are they going to be "the most popular InTrade markets ever" as you advertised them on TV? If you want to ask the hard questions on me. I can ask the hard questions on you, too.
I said in 2009, not "ever", but yes they have lost a lot of steam and that statement seems overconfident at this point, – or has always for that matter. There was no real follow-through to the apparent trend of the first week or so. Lack of news flow is the main culprit. I’m not going to bicker about the other stuff.
Great. We have one year and a half to see what happens to these contracts…
–
(Hey, *you* started the bickering….
)
[…] BBN TV, claiming his tax futures markets will become InTrade’s most popular ones in 2009, but he managed to control well his descent to Earth: [Y]es they have lost a lot of steam and that statement seems overconfident at this point, – or has […]