Wednesday, September 14, 2005
A fuss about nothing
Posted by David Smith at 07:40 PM
Category: Thoughts and responses

Perhaps you can't blame people for panic-buying petrol after what happened five years ago, but this does seem to have been a remarkably silly affair. If this report is right, one consequence is that many motorists will have paid more than they needed to. What next - bread riots?


Or perhaps we can’t blame people for panic-buying petrol after the coverage in the mass media.

After all, there have been a lot of ‘stories’ of fears of what could happen to petrol supplies this week (the ‘f’ and ‘c’ words of journalism). But there have been very few reports of the factual probability of those fears being realised – or indeed any admission from media people of their complete ignorance of the facts and probabilities in the first place.

This all makes for good entertaining stuff but remember the MPC chooses to inform the nation about the state of play on interest rate policy through the media. If the mass media are going to sensationalise every issue, how long before the MPC sees the mass media as part of the problem, rather than the solution?

Posted by: David Sandiford at September 15, 2005 10:40 AM

This is very interesting. Thank you for the useful info.

Posted by: Genie at December 21, 2005 09:09 AM
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