Hearing Aid

With a little perseverance you can get things done
Without a blind adherence that has conquered some
--Corey Hart

What is passing for economic intelligence among media pundits is becoming truly astonishing. Many people come to depend on the drivel spewed by the pundits because their personal levels of financial and economic literacy is low.

This is no excuse. Start reading (a good start would be Mr P's salient anthology over the past couple of yrs--take the time).

Beyond that, engage your brain and reason things through. For example, does it make sense that we're trying to resolve a debt and spending problem by borrowing more and increasing consumption?

The key question to be asking is what are the underlying factors that led to our massive borrowing and over-consumption binge over the past 2-3 decades. Valid solutions need to attack root causes.

Think for yourself. Submit all information you accumulate to a personal test of reason before admitting it as knowledge. You'll likely find that much of what's floating around in popular channels does not pass the test.