Yes, it can be done. The NYT headline read, "Goldman, Once Warning Of $200 Oil, Sees $45 In 2009."
This is exactly what the media should be doing when they present forecasts from various experts. For example, when they share the views of people like Alan Greenspan on the economy, they can preface them with a comment like, "Alan Greenspan, who insisted there was no housing bubble." In fact, the media should preface the predictions of almost all their economic experts with this comment.
With some experts this assertion would be especially important information. For example, predictions from Frederick Mishkin, a New York University professor and a former governor of the Federal Reserve Board, should carry the preface "who recently praised Iceland's economy for its effective inflation targeting." Statements from Frank Nodthrift, the former chief economist with Freddie Mac, should include the phrase, "who asserted that house prices never fall."
Reporters should be familiar with the track record of the experts they rely upon and they should share this information with the public.
There's too much at stake this November for us to quit. As we navigate another presidential election year, thoughtful independent journalism is more important than ever. We're committed to bringing you the latest news on what's really happening across the country this election season, shining a light on the stories corporate media overlooks and keeping the public informed about how power really works in America.
Quality reporting doesn't come for free, and we don't have corporate backers to rely on to fund our work. Everything we do is thanks to our incredible community of readers, who chip in a few dollars at a time to make what we do possible. This month, we're trying to raise $50,000 to help fuel our election coverage, and we've fallen behind on reaching our goal. Any amount you give today will bring us closer to making our reporting possible—and a generous donor has agreed to match all online donations, so your impact will be doubled.
