Guess what? Government GDP numbers are wrong all the time, 30% of the time wrong on even the DIRECTION of economy

Almost 1 out of 3 times the government reports GDP numbers – according to this report from CNBC – the government isn’t even right about whether the economy is expanding or contracting. And yet markets move off of these numbers like they are legit.

We see in this report, as FA Hayek might have put it, the “pretense of knowledge.”

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IRS Identity Fraud Prevention Specialist Arrested For Identity Fraud, Filing Fraudulent Tax Returns (This is a direct result of big government)

Is anyone surprised by this. Anyone? If you are please leave a comment in the the comments section.

My bet is that no one is surprised by this. Which begs the question. Why aren’t we? And since we are not what should be done about it? And then another question. Why is it that nothing likely will be done to address the many issues at the IRS like this one and other federal agencies, the VA, for instance?

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Why the world belongs to the (software) coders

This is a piece on my wall which was inspired by coding and coders. Data 1

I’ll say from the outset that this article is not for everyone, (and it is LONG) but I found it intriguing and potentially very useful for people who are trying to get their heads around what the economy – what I would consider the REAL economy – is doing right now.

And on a personal note I have to give a nod to my dear old Dad who,

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Editors of World’s Most Prestigious Medical Journals: “Much of the Scientific Literature, Perhaps HALF, May Simply Be Untrue”…

Though they won’t admit it in polite company, many scientists are fully aware of this problem. “Science” is not nearly as high minded and noble as some, many, think. The cult of the “expert” runs deep, and we want to believe.

This isn’t to disparage “science” or experts. But the attached article is a reminder of the deep fallibility of (all) humans and that skepticism is a key part of science for good reason.

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Government MUST be open about Ebola, first case in the USA found in Dallas Texas

It was just reported that the first Ebola victim discovered in the US is being treated in Dallas Texas. It is imperative that information flow freely around this situation. Keep the response open sourced. Let people track developments closely. I am sure developers at this very moment are working on applications which will help people avoid the virus.

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New federal database will track Americans’ credit ratings, other financial information

Now the Feds will know your health history and your credit rating. I wonder why they would want this information? I am sure it has absolutely nothing to do with social engineering. I’m sure this information won’t be abused. I am sure that there won’t be a day when one goes to buy something at the grocery store and one won’t be able to do it because one’s federal profile shows that one’s cholesterol is too high for one to legally buy a pizza.

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