John Tierney, the new columnist taking the space of (but never replacing) William Safire, explains the benefits of insider trading as it relates to knowledge dissemination, and tells us why the presence of uninformed investors can be a good thing.
All in the context of betting on the background and identity of the next Pope, of course, and he goes back half a millennium for a history lesson on that topic as well.
This site has the current betting (look under the tab for "Current Events"). They have a perma-link feature, and I would welcome assistance with that.
Yeah, every time I saw an interesting column in their "Metro" section, there was his byline. He's a pleasure to read.
Left people to connect the dots on the proposed Adm. Poindexter internal market thing, of course.
Posted by: John Thacker | April 12, 2005 at 10:24 PM