Tyler Long-Term Unemployment Bet
By Bryan Caplan
Tyler just bet me at 10:1 that U.S. unemployment will never fall below 5% during the next twenty years. If the rate falls below 5% before September 1, 2033, he immediately owes me $10. Otherwise, I owe him $1 on September 1, 2033.
If you think the stakes are absurdly low, they’re the highest he’d agree to!