Paul Reads's blog

Intrade allows people from all over the world to place real money bets on who will win the White House. See the odds from Intrade and another prediction market after the jump.

Here's a response I sent a friend to clear up a misunderstanding as to whether I would vote in the next election. For the record, I plan to vote, and I also understand why someone would decide not to vote. Read the post after the jump.

Driving westward I noticed the glint of a full moon low and half obscured by the horizon. On its face was another: a clock. The great, bisected dome of Union Terminal came into view, brilliantly lit.

Perhaps best known for his partnership with George Soros in the Quantum Fund, investor Jim Rogers has recently appeared on TV opposing government intervention in capital markets. Have not Messrs. Bernanke and Paulson been reassuring us for the last two years, under oath, that the economy's just fine? In the following video interviews (after the jump) with CNBC and the Financial Times, Mr. Rogers claims that this is one of many reasons to distrust their guidance in the current financial quagmire. Of note is that the FT interview was conducted a year ago.

The appropriations bill that started in the Senate (isn't that illegal? more details here) is now heading to the House.

The people came out against the House of Representatives' bailout plan on Monday with calls, faxes, and emails. This plan was slightly over 100 pages long. Taking this as a mistake, the Senate has drafted a new bill, which they will vote on shortly. The Senate bill gives even more power to the Treasury and to the Federal Reserve.

for this incarnation of the bailout bill.

Encouraging CSPAN video clips after the jump.

Follow along as our elected officials in Washington work through the night to nationalize the financial industry. A draft has appeared online in PDF format, but for some reason it is incompatible with default Mac and Linux PDF viewers (Preview and gsview, respectively).

In response to Jameson:

The bailout proposed by Messrs. Paulson and Bernanke is not a long term solution. In my estimation, it will only defer and exacerbate our current economic woes, a concern I have shared with my elected officials in Washington. The $700 bailout proposal offers more of the same: more bureaucrats, and more money that we don't have.