I was going to write something about the Pentagon’s proposal for a market in predicting terror targets, but as usual I really can’t top Jane Galt’s discussion of the subject; I share her enthusiasm for the concept in the abstract, as well as her reservations about perverse incentives. What amazed me, though, was the sheer political incompetence of announcing this program without the willingness to stick out criticisms that were completely inevitable and predictable; if you didn’t want to take that heat, why make the proposal?