Sanctions Against Iran Lose the U.S. More than 40 Percent of the Exports Supported by the Export-Import Bank
Dean Baker, Beat the Press, Friday, 18 July 2014
Regular
readers of Beat the Press know that putting numbers in context is one
of my main beefs with economic reporting. News stories, especially about
government budget items, routinely throw out big numbers are completely
meaningless to almost everyone who reads or hears them. That is not
serious reporting. Reporting is about informing your audience. (This is
why I use the term "frat boy reporting" to refer to the use of big
numbers without context. It conforms to a ritual among reporters, but it
does not provide information.)
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