Monday, 21 December 2009

Economists putting their money where their mouth is

David Henderson from EconLog and Bob Murphy have agreed to the following bet,
At any point between now and January 2013, if there is a year/year increase in seasonally adjusted CPI that is at least 10%, then I pay Bob at that time $500.

If we get to January 2013, and there has not been any 12-month stretch in which the above happened, then Bob pays me $500 at that time.
It will be interesting to see who pay who, but I think I would rather be David than Bob in the bet.

1 comment:

Crampton said...

bet not inflation adjusted though event bet upon is a high inflation rate. Interesting.