Saturday, April 1, 2017

Never bet time in a world of time plotters, Prof Cochrane

John was off a year or two in his prediction of Obamacare  collapse.

I have good evidence that Obama, himself, heard his and other arguments about adverse selection. So the guy plotted, he actually went out and make adjustments, fixes and bitches and kept the thing going just to beat your bet.  Never bet time.
OK. Mea Culpa. I got "2014" wrong. Though not "this will go on for years." It took three years longer than I said. (And I will admit, I did not think hard about how long it would take before writing "2014")

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