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There was recently an attempt by an independent journalist to expose fraud in a Minnesota social program. It was deeply frustrating; the journalist had notably poor epistemic standards, which secondary media seized upon to dismiss their result.
The financial industry has paid tens of billions of dollars in tuition on fraud detection. Here are some observations for investigators with badges, press cards, or GoPros.
We are not affiliated with Patrick McKenzie. This unofficial audio edition is available to listen to and share for free. Read the original on Bits about Money.
Duration
~44 minutes (42K characters)
Release date
Feb 6, 2026