Recent Haps’ on the NSA

Things you may have missed about our surveillance overlords in the past week or two… Facebook tracking rifles through your messages. One need not don a tin foil hat to see that Facebook may have been created/supported for the purpose of tracking and watching millions of people at once – having the masses willfully divulge…

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The Fed Models Failure

The U.S. financial system faces a major, growing, and much under-appreciated threat from the Federal Reserve’s risk modeling agenda—the “Fed stress tests.” These were intended to make the financial system safe but instead create the potential for a new systemic financial crisis. The principal purpose of these models is to determine banks’ regulatory capital requirements—the…

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starbuck_by_diablo2003

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Relying on one’s vision and relying on one’s reason are similar in one respect: in both cases, the reliance is immediate. When I see a tree, I do not infer its existence from my experience any more than I infer the correctness of a logical inference from the fact that I can’t help believing the…

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