Economics in the Media

By Ocean in Buying local, Featured, Free Trade, Humor

Did you study economics in college or have you read up on the basics and figured you know what’s going on, but then get boggled by what shows up in the press? Does the news seem to contradict the way you thought the world worked? Are the foundations of knowledge and understanding seem to be collapsing and do you feel lost?

Never fear. Bluematter has presented a primer for all of us who thought we knew our economics, but are baffled by the media interpretations.

An exerpt:

Rising house prices: Good
Falling house prices: Bad
Affordable houses: Good
Unaffordable houses: Bad

Free trade: Neutral
Unfettered free trade: Bad
Fair trade: Good
Outsourcing: Evil
Buying local produce: Divine

Link to original post on Bluematter.