2019/06/18

Dealing with Fake News

"Baby boomers share nearly 7 times as many 'fake news' articles on Facebook as adults under 30, new study finds"

Wow! That's pretty sad. Here's my mini-solution to verifying information.

I've had people tell me to check all the sources on a regular basis. Good advice, but too general for me.

I'm currently composing a piece on our march to support Venezuela. Venezuela has a serious problem with its economy. The left-leaning Guardian said that the former president Hugo Chavez imposed price controls on basic food items like flour and that Venezuelan bakers had no economic incentive to produce flour because they couldn't sell flour products at a profit.

I said to myself "Did Venezuela subsidize the production of flour or did they simply slap price controls on it?" I ran a search on "venezuela flour" and checked the right-wing Libertarian website Mises and the more middle-of-the-road NPR. Neither of them mentioned subsidies. NPR provided a good quote from a baker in Caracas where he said something to the effect of "I'd love to produce the more nutritious bread, but I gotta pay workers, gotta pay rent, etc., so I need to produce brownies and cookies that I can sell at a higher price."

So I looked at a good variety of sources and concluded that Venezuela is shooting itself in the foot by imposing price controls without subsidizing the production of basic goods. I search, but in a more organized fashion than to just randomly reading what everybody says about everything.

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