commissioner.org
| Source | Michael Perelman |
| Date | 03/07/29/09:07 |
| http://www.nytimes.com/2003/07/29/politics/29TERR.html
Both Pacifica News and the New York Times have stories about using the futures market to predict terrorist activities. I find the story fascinating in one respect. Futures markets should predict future activities given certain assumptions, including that the participants have adequate access to information. If the futures market participants have good enough information, then United States could just dismantle its intelligence agencies and rely on the futures market. It also suggests that the typical American -- or at least herds of typical Americans -- have information virtually equivalent to the government. Quite an admission on the part of the Pentagon. |
Copyright (c) 1998, Joongpil Cho