Afternoon Must-Read: Mark Thoma: What’s the Penalty for Pundits Who Get It Wrong?

Mark Thoma: What’s the Penalty for Pundits Who Get It Wrong? “I would separate those who are honestly wrong…

…from those who take a misleading position (or one they know is wrong) for political purposes. There should be consequences in both cases, those who are honestly wrong again and again should come to be ignored, but those who intend to mislead and deceive should face much higher penalties. As it stands, there’s hardly any penalty at all for telling people what they want to hear even if there is no basis for it, or misleading people to accomplish a political agenda.