Only I Decide

by | Nov 1, 2022

Only I Decide

by | Nov 1, 2022

360 f 235753132 zvqbgf2hhkbzcyps4vwtt8gnltwqxswx

This article was originally published on May 5, 2021.

Jen Psaki, the White House Press Secretary when responding to questions regarding Trump’s extension of his status as suspended from Facebook, said that the Biden Administration expected more from “social media” companies with respect to misinformation and disinformation.

I think people abuse language and throw out words debasing their meaning by lack of precision or engaging in propaganda. Let’s think about what it means to root out misinformation and disinformation. First, we must assume that there exists fact checkers who are omniscient with respect to certain topics and we can find fact checkers who are omniscient with respect to any topic. Essentially assuming The End of Knowledge. That there is nothing more to learn. And not only is there nothing more to learn but there is nothing more to observe because there is nothing more to learn. We have erased doubt.

Fact checkers do not only require perfect knowledge but perfect information. So we need to have complete, observable, verfied, validated, audited data sets on a transparent, open source ledger and on a real time basis

Maybe the only qualified entity for fact-checking is God. Which would require that all believe in God and believe in the same God.

It seems to me that none of these conditions meet.

Biden wants to condition the First Amendment applying his criteria. Or maybe one party, will condition the First Amendment to their criteria. Or a consensus of politicians will agree to conditioning it to their criteria.

Probably the greatest purveyors of misinformation and disinformation are politicians. Most likely, as usual, they will exempt themselves but want it applied to their opponents. Bernanke has stated that Central Bankers employ disinformation.

Misinformation and disinformation are propaganda words. The true meaning is that people want to control narrative and discredit anyone who disagrees. It has nothing to do with the pursuit of truth. Actually, it is the opposite. Truth seeking is an endless pursuit and likely an asymptotic process. Like Einstein’s pursuit for a theory to explain everything.

We have a constitutional system that limits government and distributes power. Checks and balances on many tiers and layers. People are generally judged by the peers. Trial by jury. There is a due process. And even, as has been argued by Jefferson, the right of nullification.

What we rely upon in the marketplace is our reputation. Where there is an absence of force and coercion, we are required to build reputations for trust and credibility and convince others, not coerce. There is no hierarchy. No authority. It’s about incentives.

Platforms have a ledger. A ledger hard to trust because the ledger is manipulated. Algorithmically. Or based upon decisions of those who own and control the platform. Or by users of the platforms who edit or delete posts or comments thereby manipulating the ledger to no longer reflect the truth. It seems to me people who alter the ledger are corrupting its integrity and therefore, creating and amplifying misinformation and disinformation. Individuals who erase content are essentially misrepresenting themselves; misinformation and disinformation.

As a freshman student at The University of Chicago, a book on the syllabus was The People Shall Judge. We should leave the judgment to the people. Not authority figures who crave control. Or surveillance companies who are rewarded by manipulating us. I reject their frame. We must not inhibit the marketplace for ideas. We are setting the stage for transforming our American Republic for autocracy.

The greatest and most pernicious, in my opinion, purveyors of misinformation and disinformation are the most active practices of precisely that. They do not want to eliminate misinformation nor disinformation. They want a monopoly over it!

This article was originally featured at Jeffrey Wernick’s substack and is republished with permission.

About Jeffrey Wernick

Jeffrey Wernick is a private investor and early advocate and acquirer of bitcoin. He frequently lectures at his alma mater, the University of Chicago.

Our Books


Related Articles


What If the Davos Agenda Has Already Been Defeated?

What If the Davos Agenda Has Already Been Defeated?

In November 2021 I wrote a piece entitled “Have We Finally Reached Peak Davos?” This article was scarily spot on. When you’ve written as much as I have over the past five years, however, it’s easy to look back and point at how prescient you were. Even if you’ve gotten...

read more
Another Cycle of Debt Ceiling Hysteria

Another Cycle of Debt Ceiling Hysteria

This week the U.S. government reached its 31.4 trillion dollars borrowing limit, better known as the “debt ceiling.” This led to a showdown among House Republicans, President Biden, and congressional Democrats. House Republicans are demanding that President Biden and...

read more

Pin It on Pinterest

Share This