The Opportunity Costs* Associated With Consumption Of Toxic Commentary

Economy,Intelligence,Journalism,Liberty,Media

            

QUESTION: “Why are insightful commentators and thinker whose observations have predictive power generally barred from the national discourse, while the usual foolish, false prophets are called back for encores?”

ANSWER: “The opportunity costs associated with consumption of toxic punditry are low or non-existent. Having their worldview affirmed, even affirmed in a parallel universe, is worth a lot to news consumers, who are keener to avoid the pains of cognitive dissonance than to get the real deal.”

I plagiarized myself above. “PUNDITS, HEAL THYSELVES!” (2004) is still correct after all these years.

However, the shift is coming. The cost of following the bimbos and their TV beaus and anchor, left and right, is rising. Advice: Look at their legs, don’t listen to their words.

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Opportunity cost (a concept your kids teacher likely doesn’t know): “The benefit that is sacrificed by choosing one course of action rather than the next best alternative.”