If you have any interest in delving deeper into how the media is borderline retarded (and most certainly braindead) in regards to economics, please click here and watch this clip. It features Nassim Taleb - author of The Black Swan - and Nouriel Roubini of the RGE Monitor. These two are widely credited with predicting our bleak financial times, but it's not just empty theorizing. These two can teach us a thing or two about what we need to do. Hint: It's much, much bigger than what Obama and the weak, centrist change machine is suggesting in Washington.
Spoiler: The media ask them for hot stock tips.
Yes... stock tips... It's really an incredible thing to watch these idiots press the only intellectuals on the show for neat, cool investment strategies. Taleb calls them out and reprimands the anchors for not listening or understanding his points. They counter with the opinion that it's just soooo crazy Bill Gates waited in line to hear these economists speak. It must be a real panic now.
It goes back and forth.
Ultimately, the clip is a telltale example of just how irresponsible the media is on the subject. They don't understand (or are unwilling to present - who knows?) the factors at play. They repeat catch phrases like "doom and gloom" over and over, but don't assign any guide as to what that phrase means. They think the worst is over and we're on our way back.
Their treatment of Taleb and Roubini is similar to that of circus freaks. Their treatment is similar to that of the chronically depressed or Marxists or Freudians. It seems like anytime someone tries to present an actual idea on TV, they are depicted as some intellectual weirdo that's trying to bum everyone out. Well, those media bums deserve a bummer for once.
