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Archive for the ‘blogonomics’ Category

Oblogonomics

maskedheroOne of the masked heroes at the Economist raises a point I missed in my earlier post on Obama’s quote on blogs. Because newspapers and magazines have established reputations:

[Obama ]doesn’t need to rely on the opinions of anyone else to judge a piece that he finds in the Financial Times. He knows where it’s coming from.

Whereas blogs are written by anonymous weirdos who have to establish their reputation by virtue of their work alone.  It’s an interesting point, but I suspect that, eventually, you’re probably going to see some blogs hit the mainstream, especially if this kind of things really takes off.

I for one don’t really spend much time reading newspapers any more, except for breaking news. For opinions and analysis, I stick to the blogosphere.

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Obama on Blogging

The NYT via Calculated Risk:

“Part of the reason we don’t spend a lot of time looking at blogs,” he said, “is because if you haven’t looked at it very carefully, then you may be under the impression that somehow there’s a clean answer one way or another — well, you just nationalize all the banks, or you just leave them alone and they’ll be fine.”

Neither Calculated Risk, nor Tyler Cowen have commented, so I’ll shout my point into the void of my readership:

So blogs are worse than lobbyists, politicians and journalists? Everyone deals with bias and bounded information, the only difference is that the blogosphere tends not to be part of the MSM. I’d argue that, present company excluded, it can more than make up for it with expertise, intelligence and education on the issues we face.

Obviously you have to choose your blogs carefully but, in my opinion, compared to 95% of the MSM, it’s a superior way of filtering information.  I look forward to reading what Felix has to say about this.

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