Taking stock
Various and sundry commentators have been making alarmed noises about the new DARPA-organized political stock market. There are a few rational objections. Someone over at CalPundit noted that the system may be very gamable by people who want to conceal the possibility of their own terrorist activity. Kevin Drum notes that there’s the possibility of pissing off allies who would prefer that we not enable a market for futures based on negative events occurring in their country. ...