December 05, 2004

The Iraq War as Present Value

by Demosophist

Richard Posner, on the brand-spanking-new Becker-Posner blog, manages to say in a few succinct words what I've been attempting to say in a far less economical way for over a year. One implication of the exposte anti-war argument concerning Iraq is that the Administration knew the probability of Saddam having WMD was zero, but chose to invade anyway for some unambiguously self-serving reason. That's essentially what all the "Bush lied" talk was about. The other, less well articulated, implication is that there was no estimate made of the probability, because it didn't matter. We would have attacked whether the probability of a future WMD attack from Saddam was 1 or 0, or anything in between. The former implication, that we knew the probability was zero and acted as though it were closer to 1 really has little merit. Had we known with certainty that there was no threat, then there'd have been no debate at all about the evidence. If it had been faked, the fakery would have been undetectable, because the deception would have been coldly premeditated. There would have been no bungling attempt at a poorly constructed "yellow-cake" document from Niger. more...

Posted by: Demosophist at 11:50 PM | Comments (9) | Add Comment
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