25 October 2005 - blame market

Modern financial markets allow corporations to efficiently raise capital, hedge risks, and fluidly adapt to economic shocks. Like all truly great ideas, even strenuous efforts have not yet taken the idea of the market too far. Tom DeLay is here to help us with that. Despite huge political capital, one eensy indictment sent him flailing into extravagantly violent defensive action. How inefficient!

We need a blame market. With an appropriate impropriety futures contract, popular operators will hedge against their own misdeeds, assuring smooth functioning of the political machine, just like under earlier monarchies.