Fourth of Six

Listen Up! There will be a test!

Thursday, June 14, 2007

Ignorant and biased journalists ignore great economic news

from Investor's Business Daily: "In this exclusive 7-part series, IBD explores the reasons behind the great paradox of a boom now in its sixth year – that despite spectacular gains, most Americans think the economy’s in bad shape and headed for recession.

Media bias has been detected in other studies, but this series raises an additional possibility – media incompetence in analyzing and explaining how the economy and financial markets work.

Installments will cover how the media report on subjects like tax cuts, deficits, trade and stocks, creating myths – and unwarranted fear -- as they go along."


At 12:23 PM, Blogger Dedwarmo said...

Too often journalists use anecdotes to describe the economy. You can always find someone out of work or in financial trouble. You can always find businesses that are losing money or closing shop. Individual stories do not give an accurate picture of the economy as a whole.


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