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Such a good episode! Planet Money is so good that I've worked my way through 10 years of back-episodes over the last year or so, it's one of few podcasts which is worth doing that.
Try Freakonomics if you haven't already. I did the full back catalog on both.
Another interesting topic in the derivatives markets: https://en.wikipedia.org/wiki/Weather_derivative . Basically you buy futures or options on the temperature, rainfall, and cloud cover. Super interesting!
So similar market forces are back, but fueled by advertising. The same thing happens with geographical data and million other data points.
Another interesting topic in the derivatives markets: https://en.wikipedia.org/wiki/Weather_derivative . Basically you buy futures or options on the temperature, rainfall, and cloud cover. Super interesting!
Laws should have an expiration date. Otherwise in 100 years there will be 1 million laws.
We've already lost count of the number of federal laws in the U.S. https://blogs.loc.gov/law/2013/03/frequent-reference-questio...
The other notorious carve-out is box office futures. Read more about the ban here: https://www.theringer.com/movies/2018/11/15/18091620/box-off...
Interesting! I'd never heard of this. It look like their arguments against it are about the same as the arguments against variable pricing for movies -- the price would reflect overall sentiment and influence the viewership. Why would you go see a movie that is only $1. Clearly no one else wants to see it. In the same vein, why would you see a movie with a bunch of shorts on it?
If you were long, among other reasons.
You have to wonder why the lawmakers didn't use the same logic on all other products. Or at least ags. Corners happened again later, famously on silver with the Hunt brothers.
Earlier quoted context omitted.
Interesting! I'd never heard of this. It look like their arguments against it are about the same as the arguments against variable pricing for movies -- the price would reflect overall sentiment and influence the viewership. Why would you go see a movie that is only $1. Clearly no one else wants to see it. In the same vein, why would you see a movie with a bunch of shorts on it?
>...why would you see a movie with a bunch of shorts on it? If you were long, among other reasons.
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You can squeeze repeals like these into Budget Appropriation Acts to avoid government shutdowns If you want. Better and faster than the popular vote for different representatives, you dont even have to be registered anywhere. The US Federal Government doesnt have single item veto, and Congress wont care to revisit this even if they noticed later.
What on earth does this have to do with the OP's comment?