Truth in the News Media

FILE_BREAKING_NEWSIs the news media a good source of information? What are your chances of hearing or reading the truth on radio, television, print or news sites? It is safe to say that information is hard to be proved to be dishonest. That doesn’t mean you are dealing with honesty. The facts can check out and a person can still be severely misled. Anything that makes it to the national press is agenda driven so you are not likely to find something you need to know. Censorship in American news is much more effective than what was done during the cold war in communist countries. The populations in these countries knew they were being lied to. Americans mostly believe what they hear.

Given the way news organizations are funded it would actually be a surprise if they were honest. Those of us who understand natural law and use it in our lives know the problem. News organizations are paid by charging money to people who wish to lie on the air, news site or in print. This is what advertising is. It is a form of celebrated lying. Famous people are paid enormous amounts of money to endorse products and lie about them in ads. Talk show hosts lie constantly on behalf of their sponsors.  Of course they claim to be super selective as far as representing advertisers is concerned and that is a lie also.

Most lying in advertising is completely legal. How is that? Lying is only prosecuted if words are used.  The norm is to tell every lie that can be thought of, just don’t use words. Convey the same message with images and other tools and the advertiser is home free.  It is all lies because the truth is fixed. A good ad from an advertiser’s point of view is best filled with as many lies as possible.

So, is the news media honest? There is no reason to think they would be. I am not suggesting any new laws, shutting them down or having the government give the news. That would be even worse. People who want to know things have to do their own research.

But, it is too much to expect people who are paid to tell lies to be honest with their audience. What makes it to the news is what in no way interferes with an organization’s agenda. Usually government and the media work together these days so you get on the news, information that is far more manipulative than what the Soviet Union put out during the cold war. What is relevant but completely left out is a complete story in itself.

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About Fantasy Free Economics

James Quillian independent scholar,free market economist,and teacher of natural law. Who is James Quillian? Certainly I am nobody special, Just a tireless academic and deep thinker. Besides that, I have broken the code with respect to economics and political science. Credentials? Nothing you would be impressed with. I am not a household name. It is hard to become famous writing that virtually no one in the country is genuinely not in touch with reality. But, if I did not do that, there would be no point in my broking the broken the code. If you read the blog, it is easy to see that there are just a few charts, no math and no quantitative analysis. That is not by accident. Given what I know, those items are completely useless. I do turn out to be highly adept at applying natural law. Natural law has predominance over any principles the social science comes up. By virtue of understanding natural law, I can debunk, in just a few sentences , any theory that calls for intervention by a government. My taking the time to understand the ins and outs of Keynes General Theory is about like expecting a chemistry student to completely grasp all that the alchemists of the middle ages thought they understood in efforts to turn base metals into goal. Keynesian theory clearly calls for complete objectivity. Government can only make political decisions. Keynesian techniques call for economic decisions. So, why go any further with that? Fantasy Free Economics is in a sense a lot like technical analysis. Technical analysis began with the premise that it was impossible to gain enough information studying fundamentals to gain a trading advantage. Study the behavior of investors instead. Unlike technical analysis, I don't use technical charts. What I understand are the incentives of different people and entities active in the economics arena. For example, there is no such thing as an incentive to serve with life in the aggregate. In the aggregate, only self interest applies. It is routinely assumed otherwise. That is highly unappealing. But, I am sorry. That is the way it is. I can accept that because I am genuinely in touch with reality. Step one in using Fantasy Free Economics is for me to understand just how little I really know. A highly credentialed economist may know 100 times what I do based on the standard dogma. Compare the knowledge each of us has compared to all there is to know and we both look like we know nothing at all. There is always more than we don't know than what we do know. I am humble enough to present myself on that basis. Why? That is the way it is. I am not bad at math. I have taught math. What I understand is when to use it and when to rely on something else. Math is useless in natural law so I don't use it. While others look at numbers, I am busy understanding the forces in nature that makes their numbers what they are. That gives me a clear advantage.
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