arcmath22h ago

Insider's ethnography of talking financialization media.

"Analysts and media figures understand financial talk as requiring a skill set distinct from conducting research or representing facts."

(Publisher description for Alex Preda, The Spectacle of Expertise, 2023)

#SkillsMismatch #NonComplementarySkills #DecoupledSkills #IncompatibleSkills #SkillsBifurcation #Deskill #Deskilling #Deskilled #Econonomics #Econ #EconPolicy

https://cup.columbia.edu/book/the-spectacle-of-expertise/9780231202473/

The Spectacle of Expertise | Columbia University Press

Financial experts have become ubiquitous on television, radio, and social media. They provide investment advice, interpret market movements, and explain the ... | CUP

Columbia University Press
Betül DoğanJun 21, 2024
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HalvarFlakeMay 24, 2023

If the current inflation is not based on a wage-price spiral, and interest rate hikes normally reduce inflation by weakening economic activity to reduce labor bargaining power ...

... how are interest rate hikes going to stop inflation that is caused by companies realizing they can hike prices to obtain fatter margins?

#econ #econpolicy