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The Kansas City Star, Mo., Jerry Heaster Column.

By Jerry Heaster, The Kansas City Star, Mo. Knight Ridder/Tribune Business News

Jul. 31--PENTAGON 'TERROR FUTURES MARKET' DOOMED TO FAIL: What can you say about the idea for the proposed "terror futures" market after you've said it's a monumentally stupid concept?

Well, you could say that even if it had redeeming economic value, which it doesn't, it still would be a highly flawed approach to creating a market.

Those with the temerity to defend the idea say markets are efficient processors of information. This means allowing futures traders t

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