futarchy
n.— «Robin D. Hanson, an economist at George Mason University, proposes a “futarchy,” a form of government enhanced by prediction markets. Voters would decide broad goals of national welfare, but betting in speculative markets would determine the policy steps to achieve those goals.» —“Betting to Improve the Odds” by Steve Lohr New York Times Apr. 9, 2008. (source: Double-Tongued Dictionary)
Further reading
Where would you find a sports commentator talking about high cheese and ducks on a pond? Here’s a hint: both terms are part of what makes America’s pastime so colorful. • A government official in New Zealand proposes a new, more...
A government official in New Zealand has devised a new Maori-based glossary to replace some of the English words used by the government for talking about mental health, disability, and addiction. For example, he proposes replacing the word autism...