Rummy's working overtime
This may be a bit dense for non-economist types, but the concept remains alarming. DARPA (Defense Advanced Research Projects Agency) has developed a trading market where individuals can trade on the future likelihood of world events. Think the U.S. military will intervene in Burma? Believe that the Iranian government will fall in the first quarter of 2005? Put your money where your geopolitical analysis is.
According to this New York Times article the Pentagon has developed the market as a means of gathering intelligence. I just can't wait for terrorists to place bets on acts of terrorism, execute the acts, and then finance their actions through the market. Military strategists are dreamy.
But at least they have cutting edge graphics of globes and white boards.
Dear Simon,

