Over the past several weeks, the nation has been thrust into important economic and policy debates whose core questions have been the subject of much consternation in Washington: Do we know enough about cryptocurrency to properly regulate it? Is inflation an existential threat, or merely an economic interloper? What is the appropriate definition of the word “infrastructure”?
These debates are complex and often heated. Historically, a moderating force in these conversations has been the ability of America’s institutions — businesses, government, and especially the media — to give people the facts. Unfortunately, one need only tune in to the cable news channel of their choice to be thoroughly convinced that such “straight talk,” as it used to be called, has come and gone.