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What this indicates is that there are phenomena that are sporadic, non-repeatable, non-falsifiable. Such events will usually fail scientific tests due to their nature. An objective observer who witnesses such phenomena can either disregard the proof of his personal senses, or try to integrate it into his view of the globe. It appears much less difficult to do the former rather than the latter. It is impossible for the same observer to convince other people of what he has witnessed, other than the credulous.
THAT is why the US economy has spiraled out of handle and crashed in 2007-08. The housing bubble was due Completely to excessive speculation driven SOLELY by Alan Greenspan and his ilk (like Bernanke, who was his assistant) in order to hold the US economy expanding beyond what it could sustain so the wealthy could continue to profit at the expense of the American individuals.
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It could assist their economies. As Harvard economist Dale Jorgenson not too long ago explained to Congress, rate-lowering federal tax reform would give an financial boost, escalating lengthy-term U.S. output by $7 trillion, he approximates. Similarly, state lawmakers can stoke financial development where they live by crafting revamped tax codes that make their states a lot more competitive regionally, nationally and globally.