The Euro and the Loonie Tell You Where Investors See Risk

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Prediction markets provide an incentive for these things not to be disclosed broadly to the public, just for the public good to try to prevent people from being harmed, but for you to trade on this information and make money on this information, in a way that if you are talking to a reporter, you don’t. By and large in the US, we don’t pay for information. I have never in my entire career given anyone a dollar for anything. It creates this weird perverse incentive when it comes to knowledge of wrongdoing, in part because now you can make money off of that instead of just trying to live in a society.

This worked really well for the majority of cases, where the tax rules are split into a table of tax brackets, with a marginal (or occasionally average) tax rate per bracket.

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