by Tyler Cowen
on June 26, 2009 at 8:44 am
in Current Affairs
Here is the home page. As I post this, Bernanke's reappointment (a good idea) is running at 70, Waxman-Markey is running at 50, and health care reform at 35, c'mon people get the volume on those contracts up.
So, there’s a video on Yahoo Finance that starts with some jack leg congressman interrupting Ol’ Ben. Two questions, with no due respect to Ben, are Congressmen at such a loss for time to yak that they can’t let someone finish a sentence, to in fact finish answering the last question, and is anyone else sick of these pompous jerks?
I seem to recall them sitting back in awe as Greenspan blew smoke up their skirts, and for actually trying to tell them something they give Ben a hard time.
The Fed should have the final authority on all financial transactions.
The Fed is altruistically looking out for our best interest.
The American people are not allowed to see who gets the money for their own good.
Why are those idiot congressmen even allowed to talk to the Fed?
They have no right to ask their superiors questions. This makes me wish that the Fed would be given more power.
oh Andrew, you must be a conspriacy nut.
The reason for the low volume is not that people don’t care or don’t use Intrade. The reason for the low volume is that people have no idea what the fair value is. The best traded contracts are the ones where all the information is laid out to the public – take for example sports or financial markets, even American Idol had pretty good volume – so someone trading can be confident they’re not getting screwed by someone who knows something they don’t.
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