I wish I had the time - or maybe I'm just not smart enough - to disassemble conventional wisdom like some people can. But then, maybe I'm just lazy.
As a former member of the media (yes, I was actually a paid newspaper reporter back in the day) I can testify to the truthfulness of the assertion of GroupThink in the media. I saw it every day in the newsroom.
The linked article has some interesting things to say about GroupThink and the recession. Let's use one example - "It's the worse economy since the Great Depression". Uh, except that it isn't. It may be worse that 74-75 (may, not is) but it's not as bad as 81-82. I was there.
But Rex Hammock thinks the GroupThink of the media scrum may be changing its narrative. As my hero Glenn Reynolds says, read the whole thing.
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