Trading In Terror
August 01, 2003
Had a recent plan by the Pentagon moved forward, traders would have been invited to invest in futures contracts on political events in the Middle East. The idea of the scheme was that the accumulation of all known information, as reflected in securities trades, is more revealing than even the best experts' knowledge of what reality is. Slate.com's Daniel Gross speaks with Bob about what's behind the old economic axiom: "the tickertape knows."
