Healthcare Reform Act Prediction Market

An anonymous reader writes "The Wisconsin School of Business is running a prediction market study on the U.S. Supreme Court's decision on the Healthcare Reform Act. By participating you will not only be helping university students, you will also get to express your opinion and compete with others to show that you have the most accurate prediction."

Comments

Re:Markets aren't any good at prediction

[roman_mir]

The recurrent crashes and bubbles on Wall street are unrelated to markets, they are related to the government's ability and willingness to attempt and control the economy and money supply (inflation). There wouldn't have bee a housing bubble and even Internet bubble before it without artificially low interest rates. There wouldn't be another major collapse in the future (bonds, dollars) without the Fed either. Does it have anything to do with the markets? Not much, not until the signals stop being mingled by the governments.

Re:Markets aren't any good at prediction

[roman_mir]

You shouldn't have.

You see, I will explain to you something that hopefully will put this to rest.

Tulips are grown at will, they are nothing more than Federal reserve notes without the Federal reserve. They ARE paper.

You don't need to have a central monetary authority to have a bubble based on creation of fake currency if fake currency can be created by anybody anyway. It's perfect, it's as if everybody had their own printing press.

Fed has a monopoly on that (well, that and fractional reserve, but mostly Fed, god knows how many tens of trillions they've been pumping into the world's economy if only in one year that was revealed showed 15 of them).