Tag Archives: 60 minutes
What Would Paul Samuelson Say?
WWPSS? For years I’ve heard people justify bans on gambling by quoting Nobel Prize-winning economist Paul Samuelson. ”(Gambling) involves simply sterile transfers of money or goods between individuals, creating no new money or goods.” Whether or not this actually justifies … Continue reading
Filed under Legalize It, Wall Street
60 Minutes: Wall Street’s Side Bets
We are forbidden by law to wager our own money on football games, but Congress changed the law in 2000 so that Wall Street could legally make bets and nearly bring down the world economy. Good show, gents. Entire clip … Continue reading
Filed under Legalize It, Wall Street
CentSports LetDown
As I’ve explained before, I’m a big fan of CentSports.com. This NFL season I hoped to do my part and drive a little traffic to their site by applying the Underdog Theorem to my CentSports bankroll. Things were going well … Continue reading
Filed under Legalize It
