To: JohnHuang2
This has to be the first time in years PJB has been in favor of anything being traded freely.
3 posted on
08/07/2003 6:48:15 AM PDT by
.cnI redruM
("If you think no one cares about you, try skipping next month's car payment" - Daily Zen)
To: .cnI redruM
There is one major flaw in the DARPA futures market for terrorism. Speculators on how weather patterns will affect wheat or soy bean crops HAVE NO CONTROL OVER THE WEATHER. Ergo, the best they can do is speculate and form some sort of majority consensus.
With a terrorism futures market, it would not be that hard for misguided individuals - whether Islamic fanatics, other political militants or just plain greedy and underhanded ba$tards (yes, even potential beltway members) to manipulate the actual events on which the futures market speculates. Don't like how reality is meeting with your speculative predictions? Just go plant a car bomb at the Empire State Building. Voila. This is the reason that the terrorism futures market is so flawed as a concept.
4 posted on
08/07/2003 6:55:14 AM PDT by
Camerican
To: .cnI redruM
You just nailed it.
The terror stock market or what ever they wanted to call it was a stupid, senseless idea.
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