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" ... In short, Jerome Powell misunderstands the Fed’s power, along with the power of Congress to stimulate prosperity. Neither can. Both are consequences of actual economic activity in the private sector, which means both are drags on actual prosperity. ... "
" ... Remember how we always used to hear that computers never make mistakes, but humans do? Well, in the era of machine learning, that is no longer true. Voicebots and chatbots make use of speech recognition and natural language processing technologies, which are not 100% accurate. This means that there is a good chance that the bot misunderstands the user. In fact, the likelihood that something is misunderstood grows exponentially with increasing amounts of interactions with the consumer. That will result in user frustration at best and lost revenue at worst. ... "
" ... That sounds reasonable. But it misunderstands why these folks are uninsured in the first place. The coverage on Obamacare's exchanges is too costly and of poor quality. Opening the exchanges for three more months won't bring premiums down, reduce deductibles, or make the plans' provider networks more robust. Only relaxing the regulations at the heart of Obamacare can do those things. ... "
" ... This is a false ideal and fundamentally misunderstands how we use information. Our understanding of a document is driven by a combination of our own background and experience and the specific task to which we need to apply that document. ... "
" ... Yet, the importance of the decision is not in its practical effect. It is in how the Supreme Court misunderstands the role religion plays for religious Americans. This misunderstanding will affect the practice and potentially freedom of religion well into the future. ... "