Case study
Financial-press coverage of monetary policy collapses aggregates, velocity, and transmission mechanisms into “the Fed is printing money.” This is where the political economy of attention bites hardest, because some outlets are owned by interests with positions on what policy should be, so the compression is not only lossy but directional. Monetary policy is genuinely full of paradigm wars, so the specialist consensus is contested too; the point is that the bridge-zone product is systematically wrong about the technical distinctions in a direction that serves its owners.
Connections
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