I Win My Unemployment Bet With Mike Shedlock
By Bryan Caplan
Back in 2010, Mike Shedlock (“Mish”) and I agreed to the following bet:
If the official initially reported U.S. monthly unemployment rate
falls below 8.0% for any month between now and June, 2015, I win $100.
Otherwise, Mish wins $100.
Since, by Mish’s own admission, the initially reported U.S. monthly unemployment rate just hit 7.8%, I am now declaring victory. Pursuant to my Bettor’s Oath, I honor my defeated opponent, who had the integrity to put his money where his mouth was. (BTW, I can’t find Mish’s email. If you have it, please privately send it to me).
In other news, Hudson’s Tim Kane has bet me $100 at even odds that Romney will win the election. Before betting, I disclosed current Intrade odds, but he was undeterred. The bet is on.