“Obama could be Person of the Year every year, but not this year.” Time Managing Editor Richard Stengel
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Global warming data has not supported the enthusiasts’ claims for the last decade. Now it is looking like it might never have supported their claims until it was manipulated. Too soon to be definitive on this one, but it sure looks bad. If you can’t trust scientists whose role is to seek the truth, whom can you trust? November 21, 2009 “BOMBSHELL:” John Hinderaker has been reading those leaked global warming documents. “What they reveal, more than anything, is a bunker mentality. . . . They also suggest that pro-global warming scientists fudge data to get the results they are looking for.” Glenn Reynolds at 8:52 am Stop global warming (thepetitionsite.com) Whatever field we are closest to, it is natural to assume that outsiders know more about it than they do because we assume “it is so important.” This episode from Jeopardy should be enough to alter this assumption regarding the field of economics.
Do not trust government numbers. As I have stated, the government is now like a cornered and wounded animal that will do anything to survive. While the Ponzi scheme economy races to an end, it is easy to rationalize white lies to keep the system going. History is littered with similar government behavior from around the globe. Even in good times there is an incentive to shade the data for political purposes. To understand how much of that has gone on, I recommend going to John Williams site ShadowStats.com who has spent years tracking the many changes in the measurement and definition that government agencies have employed. Modification should be expected over time. Yet, when every “revision” goes to show better numbers, it is obvious there is not an honest process at work. Williams tracks the data as originally measured and as currently measured. The results are astounding and troublesome. Even if you believe that central planning is viable, certainly you cannot believe that it is with faulty data. Do not trust media analysis. The media is complicit in the “every day everything’s getting better” routine. Journalists in general are not skilled in analyzing numbers or business conditions. Hence, part of bad journalism can be blamed on ineptness. Part of it is probably deliberate to stay in good stead with the powers spinning the information. Part of it is laziness, just taking the party line from government, Continue reading Trust Yourself. Not Government or The Media |
 Friedrich von Hayek founded the Mont Pelerin Society. “Monty Pelerin” is a pseudonym chosen by this blogger to convey general agreement with the philosophy, goals and spirit of the Mont Pelerin Society. No other connection exists between the blogger and the Society. |
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