The second and final day of The Growth of Gambling and Prediction Markets: Economic and Financial Implications began with a very interesting session led by Ricardo Siu of of the University of Macau about whether or not gaming markets are a productive economic sector in the purely economic sense of that word: namely, are they …
What's that again ?
Futarchy ? You mean relying on a bunch of medically-proven stoogie-smoking sickoes to wager on what will be best, and then use THAT as basis for law ?
Does this guy have a Wiki ? Is that where this junk comes from ?
I have another original society model : STFUchy - it's where those who have nothing interesting to say actually keep their mouths shut until they do.
Unfortunately, mine will never be tried. Fortunately, his won't either.
Those shouldn't be latex, they should be nitril, just in case he's allergic to latex. Of course, it's not for your protection, if you're allergic to latex, "sorry about that".
Letting a futures market dictate public policy? Our public masters would never cede power to someone else.
Pascal, you have a wonderful idea that, like you say, will never happen. It would shut down Congress, Parliment and governments around the world.
Burke, we were at the same small conference for two days. I introduced myself to you, and but you only made small talk. There were plenty of opportunities to talk at length - did you even consider actually talking to me about this stuff? We could have discussed the field data on manipulation, the observed relation between liquidity and accuracy, the relevance or irrelevance of my family history, and much more. Perhaps you felt that would interfere with your painting such a wild picture?