[lbo-talk] Varian defends terror futures

Doug Henwood dhenwood at panix.com
Thu Jul 31 08:57:40 PDT 2003


Dwayne Monroe wrote:


>If your goal is to develop a kind of predictive
>ability for events like coups, wouldn't it be simpler
>and therefore more elegant, as the physicists say, to
>simply have people on the payroll living in the
>countries of interest who spoke the language, read the
>newspapers, watched the TV shows and possesed some
>ground-level understanding of the overall situation?

You don't understand market fundamentalism. All that analytic stuff is old and statist. Markets produce objective, almost godly, wisdom.

Doug



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