(Continued from Part 4)
VIII.
To those who are interested in prediction markets, I must throw out this quote as a teaser:
Most accounts of the Trinity tes on the early morning of July 17, 1945, recount that Fermi offered to accept bets the night before as to whether atmospheric ignition would occur. He said, “I feel I am now in a position to make book [that is, to accept bets at fixed odds] on two contingencies: 1) that the explosion will burn New Mexico; 2) that it will ignite the whole world.” Too bad that the actual odds Fermi offered that night on these events are lost to history. Whether anyone placed money with Fermi and what odds he did offer seem never to have been reported. There are strong hints that his odds for total atmospheric ignition were much higher than three in a million. He would hardly have offered to “make book” on the basis of odds like that… … As Peter Goodchild recounts, Fermi’s expression of uncertainty about the occurrence of atmospheric ignition had been neither a joke nor a last minute tremor.
If you want to know more about what this quote refers to, read the book. It dedicates an entire chapter to this topic.
IX.
Ellsberg claims that the United States has used nuclear weapons many times since the end of World War II—and he doesn’t just mean the tests. He says that the U.S. government’s primary use for nuclear weapons is not deterrence—that’s a lie for the public—but threatening first-use strikes to bully other governments into caving to U.S. government demands. He even says, “All American presidents since Franklin Roosevelt have acted on that motive, at times, for owning nuclear weapons.”
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