Also, would a traveler have legal recourse for damages if agents seized a proper debit card in the mistaken belief that it was a reportable prepaid card?

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The Great Inflation of the 1970s was caused by repeated bouts of excessive money printing by the Federal Reserve and other central banks in the mistaken belief that government could eradicate the normal ups and downs of economic activity.

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Several audit firm professionals tried to convince the SEC and PCAOB staff that they were mistaken in the belief that broker-dealer auditors could not sign the broker-dealer audit opinion as well as help implement accounting software, prepare period-end journal entries and compile those same financial statements and regulatory reports that they would audit.

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Last year the local government ombudsman told Guru Nanak Sikh secondary in Hayes, Middlesex, to change its procedures after hearing some parents had sent in cheques with their application forms in the - mistaken - belief they would serve as a show of support.

BBC: group scene at city academy

In the UK, the availability of cheap GPS devices, and a mistaken belief that it was permitted under the Regulation of Investigatory Powers Act, led to covert tracking being used by public authorities, including local councils "without properly considering the application of the legislation, " according to watchdog the Surveillance Commissioners.

BBC: How much privacy can smartphone owners expect?

The mistaken belief that the EU is responsible for as much as 80% of all legislation in Europe (it is no more than 50%), and a lack of understanding of the role of national governments, including Britain's, in passing EU laws, have fostered the belief that an unaccountable and undemocratic machine in Brussels is somehow usurping the ancient role of Parliament.

ECONOMIST: Britain and Europe

The mistaken belief that a central bank can increase employment is the result of two persistent theoretical errors in economics.

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