Is it crazy for Michael Bloomberg to run for president? Maybe not.

Today’s report that former New York City Mayor Michael Bloomberg is considering a 2016 presidential run raises a few questions. What is he thinking? Does he really think he can win? And is it worth a billion dollars of his own money?

Here are the answers: He is thinking rationally. Yes, he may be able to win. And if he can win, it is worth a billion dollars. CONT.

Robert Y. Shapiro (Columbia U.), The Monkey Cage

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