Media bias hurts understanding of the economy

Investor’s Business Daily began a seven-part series of editorials on Wednesday about the effects of the media’s lack of understanding about the economy leads to ignorance about the economy.

The paper stated, “Media bias has been detected in other studies, but this series raises an additional possibility — media incompetence in analyzing and explaining how the economy and financial markets work.

“Installments will cover how the media report on subjects like tax cuts, deficits, trade and stocks, creating myths — and unwarranted fear — as they go along.”

The first editorial concludes, “The good news out of the poll is that while Americans may be more bearish than bullish about the economy, they realize the information they have to go on leaves a lot to be desired. Besides seeing coverage as ‘favoring a liberal point of view,’ they also see it as too negative and unfair.”

Read more here.