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Pitchfork Economics with Nick Hanauer

Does economics have a media problem? (with Matt Gertz)

Pitchfork Economics with Nick Hanauer

Civic Ventures

Business, Government, News, Politics

4.81.5K Ratings

🗓️ 10 December 2019

⏱️ 37 minutes

🧾️ Download transcript

Summary

Most people understand the economy through the news—how it’s doing, what the new laws are, and what experts predict for the future. For better or for worse, that means journalists largely dictate our common knowledge of economics issues. What’s the media’s responsibility as they cover the economy? Media Matters senior fellow Matt Gertz joins Steph and Paul to ponder the question: does economics have a media problem? Matt Gertz is a senior fellow at Media Matters, a progressive research and information center dedicated to comprehensively monitoring, analyzing, and correcting conservative misinformation in the U.S. media. Matt’s work focuses on the relationship between Fox News and the Trump administration, news coverage of politics and elections, and media ethics. His writing on the Trump-Fox feedback loop has appeared in The Daily Beast, HuffPost, and Politico Magazine, and he has discussed his analysis on MSNBC, NPR, and Comedy Central. Twitter: @MattGertz Further reading: Media Matters website: https://www.mediamatters.org/ Who Fact-Checks the Fact-Checkers? https://civicskunk.works/who-fact-checks-the-fact-checkers-da45dc63e00c How local ‘fake news’ websites spread ‘conservative propaganda’ in the US: https://www.theguardian.com/us-news/2019/nov/19/locality-labs-fake-news-local-sites-newspapers Study: Major media outlets show improvement at debunking Trump misinformation on Twitter: https://www.mediamatters.org/donald-trump/study-major-media-outlets-show-improvement-debunking-trump-misinformation-twitter Our website: http://pitchforkeconomics.com/ Our twitter: @PitchforkEcon Our instagram: @pitchforkeconomics Nick’s twitter: @NickHanauer

Transcript

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0:00.0

Hey guys I'm Annie one of the producers here. We're putting together an episode that's going to come out in a few weeks about the cost of prescription drugs in the United States.

0:08.0

It probably won't surprise you to know that last year one in four Americans reported that they are a family member

0:14.0

did not fill a prescription because it was too expensive. If that's happened to you

0:18.1

we want to hear about it so leave us a voicemail and we'll include it in the episode

0:21.6

the number is 731

0:23.0

388 9334. I can't wait to hear from you.

0:27.0

14 15% of Republicans will say that they trust the press.

0:31.0

Some of that is no doubt because now the President of the United States

0:33.6

goes out and says that the media is fake news and the journalists are the enemy of the

0:37.9

people. You'd think that there would be a mirroring from the media and wanting to cover stories and issues that people care about.

0:45.6

We're not talking about, you know, fake news or disinformation campaigns.

0:49.3

These are just human beings.

0:50.6

We all sort of need each other to remind us what the important things are.

0:54.1

From the offices of Civic Ventures in downtown Seattle,

1:03.0

this is Pitch Fork Economics with Nick Hanauer,

1:06.6

a conversation about how capitalism actually works. I'm Stephanie Ervin. I run a lot of our advocacy and campaign work here at Civic Ventures.

1:19.6

I'm Paul Constant. I'm a writer at Civic Ventures and relevant to this episode before I worked here at

1:26.1

Civic Ventures I was a reporter at The Stranger which is an alternative weekly

1:30.9

here in Seattle. So Paul, when you got into this work of being in the sort of like advocacy space,

1:41.0

you're now officially an advocate instead of just a journalist?

1:45.6

I would say I was an advocacy journalist before, but now I'm full on in the advocate space,

1:50.3

yes.

...

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