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Tyler Cowen: Blogging is not for everyone.
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Tag Archives: Marginal Revolution
The blogger at Marginal Revolution misinforms the public by repeating the misinterpretation thrown around by liberal hack Paul Krugman about the alleged manipulation on the InTrade prediction markets.
Alex Tabarrok writes that “-someone was manipulating Intrade to boost John McCain’-s stock price”-.
No…-!!!…-
John Delaney said that that firm has been hedging on InTrade —-a normal and beneficial activity on the other (larger and more liquid) financial markets.
InTrade is not liquid enough to weather (quickly enough) the impact made by the hedging activities, at this time, but will in the future, if growth continues.
Manipulation is bad.
Hedging is good.
Marginal Revolution vs. Freakonomics vs. Overcoming Bias vs. Midas Oracle
Here are the stats about the feed subscribers to these blogs who use either Google Reader or iGoogle.
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To interpret these data, you should know that:
- The web visitors are not counted.
- The PC-based feed subscribers are not counted.
- The Web-based feed subscribers who use other feed readers than Google are not counted.
- In the case of Marginal Revolution, which was one of the defaults proposed by Google Reader until recently, many feed subscribers do not actually read this blog.
- A vertical blog like Midas Oracle, which deals only with prediction markets, is necessary far less popular than more horizontal blogs, which can publish about everything (including sex, as it has been the case in the past with those 3 economics blogs).
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