Terrorism futures market misunderstood
James Surowiecki, editor of the New Yorker’s financial page, has an article on Slate defending the Pentagon’s proposed Policy Analysis Market.
The PAM project was canceled the day it was announced due to strong objections from the Senate and media criticism. But once pundits were able to reflect on the plan, it actually seems like a way to improve American intelligence and promote stability in the Middle East. Initial reports that terrorists could use this market to profit from their dastardly deeds were farfetched.
This creative and useful tool for preventing terrorism failed due to ham-fisted PR and shoddy media coverage.