DeLorenzo on why MSM biased towards paycheck vampires

Thomas DiLorenzo describes a crucial aspect of Orange Line media/government social networks:

Economists William Meckling and Michael Jenson, formerly of the University of Rochester, offered an explanation for the extreme statist bias of the media some thirty years ago, and I think it applies to the MSM’s current blackout policy. If you are a national news reporter, you must always keep in mind that news must be new. You must cultivate numerous “inside sources” of news, and in today’s world those sources are overwhelmingly in govenment. If you report on defense issues, your main sources are Defense Department bureaucrats or political appointees. If you are an environmental reporter, your sources are EPA bureaucrats and political appointees. If you are a crime reporter, you rely on the FBI bureaucracy, etc., etc.

More here.

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