Starving The Watchdogs
Hidden Brain
00:00
The Loss of Local Newspapers
The absence of watch dogs affects loan prices because banks realize their loans to local governments are now a little more risky. John oliver: Not having reporters at government meetings is like a teacher leaving her room of seventh grades to supervise themselves. If the inner net was a filling in the gap left by local newspaper closers, we wouldn't see borrowing costs go up like they are. We could even them go down....
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