I’ve noticed an awful lot of praise going towards the fed lately. Is the media state owned? Could there be a media conspiracy? Why is the media reporting on something they know nothing about? They clearly seem to be in the fed’s bags. But why? Aren’t they liberal? They say they hate the rich… yet they love the federal reserve… a group of private bankers with federal power that control the country? That just sounds odd to me…
Because of the level of responsibility the Fed has in creating the credit contraction that caused this recession and because the Fed plays such a large role in Obama’s liberal money pumping welfare and bailout plans, it seems logical to imagine that the government and the government sponsored media would and will do everything in their power to shield the Fed from blame and the logical calls for reform and abolition that would follow should the public become more aware of the Fed’s role in this latest downturn as well as its role in every major credit expansion and contraction cycle since its inception.
I think that they seriously believe that they are correct.
Yup, uneducated or just plain stupid journalists.
But they must have a motive, right?
They believe that what they suggest are the correct theories, there need not be any other motive than that.
What if, just hypothetically speaking, they knew what they were saying was false but said it anyways? Is this possible?
Of course it is, but I see no evidence for calling people in the media liars, there very well may believe what they say.
At the school where I work, we have “newswatch” once a week where, for half an hour, we make all the students watch the news. They used to watch NBC. I watched them constantly praising bailouts under both administrations - I vividly remember Brian Williams asking another report, in astonishment “Do you mean to say that there are people who actually oppose this plan?” Every single time, I would point out to the students that GEMoney has a lot of bad loans out for houses and cars. The school got tired enough of that that they changed the channel.
Now, I’m not saying that GE tells them to lie. I’m saying that there’s a feel in the air in the newsroom, I’m sure, and a general climate contributing to what these people think.
LOL. Since there’s no way to read people’s minds, you can never know if anybody lies. People who lie may ‘well believe what they say’.
I suppose that people who steal, but don’t believe they are stealing, actually are not stealing…
Yes, I think so too. I mean it’s so obvious with some news because of how totally biased it is. Now maybe they do believe they’re right. But I think it’s possible that they know they’re not telling the whole story but go ahead and report what they report anyways. And that’s sort of like…lying by omission. Isn’t it?
I do not know whether they are true-believers, or liars; so why assume that they are liars?
The Austrian side of the story is either deeply unpopular or stirs cognitive dissonance among people. How do you tell people government shouldn’t print money when many of them benefit from this? How do you contradict the deeply instilled ideas about how the government “helps” the economy (which would allegedly “collapse” without this “help”)? Even if you omit some things, questions will soon be raised.
Even conspiracy theories make the average American feel better than Austian economics.