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fubarobfusco comments on Economy gossip open thread - Less Wrong
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If the world were improving, what ratio of "good news" to "bad news" articles would you expect to see — given the incentives on journalists, news publishers, and news readers? If the world were worsening, what ratio would you expect to see?
There was lots of good economic news in the late 90s.
The media probably has the ability to distort our perception of certain things, like the risk of terrorism or serial murder. But trends like unemployment, tax increases, the fiscal cliff and the EU crisis seem hard to distort.