From a talk today by economist Saul Eslake, a highlight for me was his comments on media and politics:

  • Previously, mainstream media helped sell Government messages by simplifying economic arguments and broadcasting the rationale behind Government policies
  • Now, mainstream media seems to just reinforce the prejudices that readers have.

Saul believes this shift partly reflects a decline in economic literacy among the media.

Another reason might be the economics behind digital media, which may drive writers, bloggers and journalists to favour content that attracts page views over stories that are important or meaningful.

Parrot on jog this morning