Economic fake news — “In the modern world, mainstream economic journalists have just two roles to perform – to convince the public that they have some clue about what is going on; and to maintain public confidence at all costs.”
via consciousnessofsheep: In the modern world, mainstream economic journalists have just two roles to perform – to convince the public that they have some clue about what is going on; and to maintain public confidence at all costs. So it was, for example, that even as Lehman Brothers was collapsing a decade ago, mainstream economics coverage … Read more