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I am very pleased to announce that Kenneth and Jennifer Duda have agreed to donate $50,000 to the Mercatus Center to help support the Hypermind NGDP prediction market project. Ken Duda is the CTO of Arista Networks, a major Silicon Valley tech company. Back in 2014, the Dudas supported the original NGDP prediction market, and more importantly were very generous donors to the Mercatus Center, which allowed for the creation of the Program on Monetary Policy. This is the program that supports the work that David Beckworth and I are engaged in.

As far as I know, Ken and Jennifer are the world’s leading philanthropists in promoting research on monetary policy reform–an area where technical improvements could be worth trillions of dollars (just watch how global stocks react to bad monetary policy decisions), as well as millions of jobs.

The earlier post initially left out some necessary information as to where to donate–apologies for that. We have added options such as Bitcoin and PayPal, which were requested in the comment section.

I am very excited about this market. The Dudas’ donation will eventually result in a big jump in the prize level, which should motivate more trading. (If not, the few people who do trade will be very lucky.) I anticipate more donations are coming in as well—I’ll keep you posted. I’ll provide more specifics on prize money when the donation process is completed.

Relatively soon, there should be lots more $100 bills lying on Hypermind’s sidewalk. I don’t think I need to tell you guys what to do. Pick them up!

PS. I have a new Econlog post that responds to questions raised in the comment section of the previous request for donations post.

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This entry was posted on May 24th, 2017 and is filed under NGDP futures targeting. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response or Trackback from your own site.



