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Markets in everything -- roundup edition
1. $1 million for prostitutes who will out their Congressional customers
2. Getting you through phone links to a real human being
3. Or rent a new credit score
4. Blockbuster movies backed by bonds
5. Insurance against losing your Michelin star
What a day. Hail Gerard Debreu! Hail the MR readers who sent these in! I didn't even have to pay them...
Posted by Tyler Cowen on June 5, 2007 at 10:30 AM in Web/Tech | Permalink
Comments
Actually, Tyler, #1 doesn't require that you be a prostitute. It just requires that you be willing to discuss your encounters - presumably, being a good old-fashioned adulteress would be just fine with Mr. Flynt.
Posted by: Geoff at Jun 5, 2007 11:25:58 AM
Whatever you do, *do not* let Arnold_Kling see the third link. It might shatter his entire worldview, which
depends on the credit industry being run by the smartest people in the world, who would NEVER allow you to
increase you apparent creditworthiness by adding your name to a credit card you can't use (in the story)
or by shifting purchases you'd make anyway onto a credit card on which you pay the full balance (common
practice).
Posted by: Person at Jun 5, 2007 11:30:54 AM
I'm confused by Tyler's choice of the word prostitute. The article doesn't mention anything about prostitutes, and getting paid to reveal secrets about sex isn't the same as getting paid for sex.
Posted by: eriks at Jun 5, 2007 11:37:59 AM
I have to agree with the chef at the end of the article who said that if he loses his star that it's his own fault. This kind of insurance almost sounds contradictory - if they don't believe in themselves, why should we? Of course, one could plead "vicissitudes" or somesuch.
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