MCViewPoint

Opinion from a Libertarian ViewPoint

The Problem With Forecasting Outcomes of Complex Human Events: The Goldman Sachs Failure

Posted by Martin C. Fox on July 18, 2018

http://www.economicpolicyjournal.com/2018/07/the-problem-with-forecasting-outcomes.html

Bloomberg informs:

Goldman Sachs’ statistical model for the World Cup sounded impressive: The investment bank mined data about the teams and individual players, used artificial intelligence to predict the factors that might affect game scores and simulated 1 million possible evolutions of the tournament. The model was updated as the games unfolded, and it was wrong again and again. It certainly didn’t predict the final opposing France and Croatia on Sunday.

The failure to accurately predict the outcome of soccer games is a good opportunity to laugh at the hubris of elite bankers, who use similar complex models for investment decisions…  Read the rest of this entry »

Advertisements

Posted in Uncategorized | Tagged: , , | Leave a Comment »

Costs are Not Benefits

Posted by Martin C. Fox on July 18, 2018

https://cafehayek.com/2018/07/costs-not-benefits.html

by DON BOUDREAUX

Here’s another letter to my arch-protectionist correspondent Nolan McKinney:

Like you, I read in the Wall Street Journal that Trump’s tariffs on washing machines are prompting Samsung and LG to consider opening factories here in the U.S. Unlike you, I do not regard the jobs that will be created in those factories as a “benefit” of Trump’s tariffs. These jobs, in fact, are among the tariffs’ costs.

The reason begins with the fact that workers diverted by the tariffs into the production of washing machines in the U.S. are diverted away from producing goods and services that they would otherwise have produced. The reason concludes with the reality that without the tariffs we Americans would have been able to acquire the same number of washing machines by expending less labor and fewer resources. Therefore, any and all washing machines produced in America only because of those tariffs will be produced wastefully. The costs of producing them will be artificially and unnecessarily high.

To count as benefits the jobs that are created only in response to tariffs is akin to counting as benefits the extra work and expense that homeowners, seeking to protect their homes from being robbed, put forward in response to an increase in neighborhood burglaries.

Sincerely,
Donald J. Boudreaux
Professor of Economics
and
Martha and Nelson Getchell Chair for the Study of Free Market Capitalism at the Mercatus Center
George Mason University
Fairfax, VA 22030

Posted in Uncategorized | Tagged: , , , | Leave a Comment »

Jill Wine-Banks: Trump’s Performance ‘Will Live in Infamy as Much as the Pearl Harbor Attack or Kristallnacht’

Posted by Martin C. Fox on July 17, 2018

Peace is breaking out!

Neocons, their warparty $hill$ and useful idiot$ are running scared.

https://www.breitbart.com/video/2018/07/16/jill-wine-banks-trumps-performance-will-live-in-infamy-as-much-as-the-pearl-harbor-attack-or-kristallnacht/

by Ian Hanchett

On Monday’s broadcast of MSNBC’s All In, MSNBC Contributor and former Watergate prosecutor Jill Wine-Banks stated President Trump’s performance in Helsinki “will live in infamy as much as the Pearl Harbor attack or Kristallnacht.”

Be seeing you

War_Is_a_Racket_(cover)

Posted in Uncategorized | Tagged: , , , , | Leave a Comment »

The Pentagon Wants to Bring Mind-Controlled Tech To Troops

Posted by Martin C. Fox on July 17, 2018

government mind-reading and mind-control, Emondi told Nextgov that won’t be the case…

I believe ‘government scientists’…won’t give it another thought.

https://www.nextgov.com/emerging-tech/2018/07/pentagon-wants-bring-mind-controlled-tech-troops/149776/

By JACK CORRIGAN

Today, the Defense Advanced Research Projects Agency is selecting teams to develop a “neural interface” that would both allow troops to connect to military systems using their brainwaves and let those systems transmit back information directly to users’ brains…

While those capabilities might fuel conspiracy theories about government mind-reading and mind-control, Emondi told Nextgov that won’t be the case—scientists are only beginning to figure out how the brain’s 100 billion neurons interact, so controlling those interactions is next to impossible. Instead, he said it’s better to think of N3 technology as means to use to a computer or smartphone without a mouse, keyboard or touch screen…

Be seeing you

Robot

Your Robot Soldier Son

 

Posted in Uncategorized | Tagged: , , , | Leave a Comment »

Paul Ryan Confronts Donald Trump: ‘Russia Is Not Our Ally’

Posted by Martin C. Fox on July 17, 2018

The problem is our European allies aren’t. They let us defend them for free. The EU screws US and their own citizenry in the marketplace. They allow US to store nukes to make MAD (mutually assured destruction) easier. Germany’s military is for show only.  What can they do to help US militarily? Nothing.

NATO ran out of ammo liberating Libya for Hillary and turning it into a human smuggling/slaving headquarters.

Indeed, Europe is being defeated by Muslim invaders as we speak, save a few holdouts that are treated with disdain by the EU sock puppets for their efforts.

Having Russia as a friend – that is worth something.

https://www.breitbart.com/big-government/2018/07/16/paul-ryan-trump-russia-not-ally/

by Charlie Spiering

Outgoing House Speaker Paul Ryan reacted to the news conference between President Donald Trump and Russian President Vladimir Putin, reminding the president that Russia was not a friend to the United States.

“The president must appreciate that Russia is not our ally,” Paul Ryan said in a statement to reporters. “There is no moral equivalence between the United States and Russia, which remains hostile to our most basic values and ideals.”…

Be seeing you

We

Posted in Uncategorized | Tagged: , , | Leave a Comment »

MUELLER’S INDICTMENT ISN’T WORTH SQUAT

Posted by Martin C. Fox on July 17, 2018

Time to shut down all the regime-change operations, including those of the U.S. deep state.

Grand juries are BS. The prosecutor can say anything he wants. Defense statements are not allowed. The cops job is to make arrests. The prosecutors job is to get convictions.

Just ask the Duke Lacrosse team.

https://www.fff.org/2018/07/16/muellers-indictment-isnt-worth-squat/

by 

I sure wish the mainstream media and all those critics of Donald Trump had had better civics teachers in high school. If they had, they would understand that special counsel Robert Mueller’s indictment against those Russian officials for supposedly illegally meddling in America’s presidential election doesn’t mean squat. Instead, the media and the Trump critics have accepted the indictment as proof, even conclusive proof, that the Russians really did do what Mueller is charging them with doing.

Of course, it’s not really Mueller’s indictment. It’s a federal grand jury that has returned the indictment. But, in reality, it’s Mueller’s indictment. He drafts it up and the grand jury dutifully signs whatever he presents to them. As the old legal adage goes, prosecutors can get a grand jury to indict a ham sandwich.

A prosecutor can say whatever he wants in an indictment. It’s not sworn to. Neither the prosecutor nor the grand jury can be prosecuted for perjury or false allegations in an indictment. Read the rest of this entry »

Posted in Uncategorized | Tagged: , , | Leave a Comment »

Trump Calls Off Cold War II

Posted by Martin C. Fox on July 17, 2018

Former CIA Director John Brennan rages that, “Donald Trump’s press conference performance in Helsinki … was … treasonous. … He is wholly in the pocket of Putin. Republican Patriots: Where are you???”

Well, as Patrick Henry said long ago, “If this be treason, make the most of it!”

Brennan is scum. He should be locked in the attic like the mad wife in Jane Eyre.

https://original.antiwar.com/buchanan/2018/07/16/trump-calls-off-cold-war-ii/

by 

Beginning his joint press conference with Vladimir Putin, President Trump declared that U.S. relations with Russia have “never been worse.”

He then added pointedly, that just changed “about four hours ago.”

It certainly did. With his remarks in Helsinki and at the NATO summit in Brussels, Trump has signaled a historic shift in U.S. foreign policy that may determine the future of this nation and the fate of his presidency.

He has rejected the fundamental premises of American foreign policy since the end of the Cold War and blamed our wretched relations with Russia, not on Vladimir Putin, but squarely on the U.S. establishment. Read the rest of this entry »

Posted in Uncategorized | Tagged: , , , , | Leave a Comment »

10 Tests, Exercises, and Games to Heighten Your Senses and Situational Awareness

Posted by Martin C. Fox on July 17, 2018

Test yourself, every day.

Test 6. Everyone should know what Hoppe’s No. 9 smells like!

https://www.artofmanliness.com/articles/10-tests-exercises-and-games-to-heighten-your-senses-and-situational-awareness/

Brett and Kate McKay

car accident on road two cars illustration

STOP: BEFORE YOU READ ON, STUDY THE PICTURE ABOVE FOR 60 SECONDS.

THEN, SCROLL DOWN AND SEE IF YOU CAN ANSWER THE FOLLOWING QUESTIONS:

  • How many people total were involved in this accident?
  • How many males and how many females?
  • What color were the two cars?
  • What objects were lying on the ground?
  • What injury did the man on the ground seem to be suffering from?
  • What was the license plate number of one of the cars?

How did you do on this little test? Not as well as you would have liked? Perhaps it’s time you strengthened your powers of observation and heightened your situational awarenessRead the rest of this entry »

Posted in Uncategorized | Tagged: , | Leave a Comment »

Saboteurs of Peace: On the Road to Helsinki – Antiwar.com Original

Posted by Martin C. Fox on July 16, 2018

Pelosi and Hillary are already screaming Blackmail, Traitor!

No nuclear war and peace breaking out means nothing to these people. Indeed it is to be avoided at all costs by the deep state and Pelosi and Hillary their useful idiots. Crushing Trump is paramount.

Yet this isn’t about Trump, his personality, or his other policies. It’s about whether a bunch of unelected bureaucrats are going to be granted a veto power over who sits in that chair in the Oval Office.

https://original.antiwar.com/justin/2018/07/15/saboteurs-of-peace-on-the-road-to-helsinki/

by 

If there was ever any doubt that the Russia-gate hoax is a scheme by the War Party to salvage their bankrupt foreign policy, and depose a democratically-elected President, then Robert Mueller’s indictment of twelve alleged GRU agents for “interfering” in the 2016 election settles the matter once and for all. Are we supposed to believe it was just a coincidence that the indictment was made public just as Trump was about to meet Russian President Vladimir Putin in Helsinki?

An indictment of twelve individuals who will never contest the charges, and which will not have to be proven beyond a reasonable doubt in a court of law – to whom is it addressed? Not to any jury, but to the court of public opinion. It is, in short, pure propaganda, meant to sabotage Trump’s Helsinki peace initiative before it has even convened.

Yet the brazenness of this borderline treason is what makes it so ineffective. The American people aren’t stupid: to the extent that they’re paying attention… Read the rest of this entry »

Posted in Uncategorized | Tagged: , , | Leave a Comment »

Chipped Tires – EPautos – Libertarian Car Talk

Posted by Martin C. Fox on July 16, 2018

https://www.ericpetersautos.com/2018/07/13/chipped-tires/

By eric

 

Tires are supposed to leave tracks – not track us.

Someone should tell the tire companies. Who aren’t telling us about the tracking devices they’re embedding in the tires they’re selling to us – and which can be used to keep track of our comings and goings without our even knowing about it, much less having consented to it.

The devices are called Radio Frequency Identification (RFID) tags – chips, really. They are extremely small buggers – about the size of a grain of rice or even smaller than that – and have been in general use since at least the early 2000s for what is blandly styled Automatic Identification and Data Capture. Which means that wherever the chipped item, animal – or person – is or has been or is going can be kept track of automatically and in perpetuity. Read the rest of this entry »

Posted in Uncategorized | Tagged: , , | Leave a Comment »