July 28, 2003

Investing in the Future?

James Joyner, Outside the Beltway, thinks this "may be the strangest story of the year":

The Pentagon is setting up a stock-market style system in which investors would bet on terror attacks, assassinations and other events in the Middle East. Defense officials hope to gain intelligence and useful predictions while investors who guessed right would win profits.
Maybe not so strange when you consider the folks behind this. Just imagine the opportunities to line the pockets of selected investors. Of course, the current administration would never consider something like that.

Hmmmm, how much would someone need to bet invest before they were incented to hire lobbyists; make campaign contributions; or perhaps hire a hit squad? Just imagine the possibilities....

Posted by Steve on July 28, 2003

I think that is a ridiculous idea. Why would our own government promote something like this.

Posted by nic at January 7, 2005 2:22 PM
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