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Posts Tagged ‘markets’

The Price is Right

Posted in Uncategorized, tagged , , , , , , , on 23 July 2009 | Leave a Comment »

Kurt Bouwhuis, Mackinac Center Intern
I was reading through The Road To Serfdom by F.A. Hayek last night, and stumbled across a fantastic passage:  “In a competitive society the prices we have to pay for a thing, the rate at which we can get one thing for another, depend on the quantities of other things of [...]

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Sarcasm??? I Hope So….

Posted in Uncategorized, tagged , , , , , on 29 June 2009 | 3 Comments »

Kurt Bouwhuis, Mackinac Center Intern
“We’ve heard a lot of whining over the last few months that the “cost” of coming climate change legislation will kill jobs, destroy industry, kick puppy dogs, sicken orphans … basically the same old barge filled with scary warnings that have been used since time immemorial about every major piece of [...]

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Time for Reflection: “The Unity of the People”

Posted in Uncategorized, tagged , , , on 2 December 2008 | 2 Comments »

by Mario Rizzo at ThinkMarkets
After most presidential elections in recent years there is talk of uniting the country, somehow overcoming differences and working for the betterment of the nation. This is a dangerous idea if it is taken seriously.
In a (classical) liberal society with a minimal state this ideal is a real and benign possibility. This [...]

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Intrade Better at Predicting the Future Than Experts?

Posted in Uncategorized, tagged , , , , on 6 November 2008 | Leave a Comment »

Kurt Bouwhuis, Mackinac Center Intern
This clip demonstrates that perhaps a crowd of “uneducated” people will be better at predicting futures than the experts.  Intrade, a website which hosts a slue of future markets, has had impressive results.  Intrade hosts future markets which are valued between $0.00 and $1.00.  $0.00 = 0% [...]

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