A perfect example of this, is stock market reporting. On a daily basis, stocks move, sometimes a lot - but apart from the people who make them move (and even then, it can be impossible for them to know it's them !), nobody knows why.
But a lot of people, without knowledge of finance or economics, want to know *why* stocks moved. And so, we have an entire industry reporting on a daily basis, without any direct knowledge about the thing they are reporting about !
As the author said, there are few penalties for bullshit, and many rewards !
But a lot of people, without knowledge of finance or economics, want to know *why* stocks moved. And so, we have an entire industry reporting on a daily basis, without any direct knowledge about the thing they are reporting about !
As the author said, there are few penalties for bullshit, and many rewards !