The High Cost of Honesty in a Sea of Low-Cost BS

As the cost of propagating BS drops to near-zero, the value of honestly achieved analyses and conclusions rises proportionately.
Longtime correspondent Michael M. recently recommended this long-form article The Market For Lemons, The Market For Bullshit, And The Great Cascading Credence Crash Of 2016.
The article discusses the soaring market for self-serving narratives, rigged statistics like the jobs report and unemployment, and officially sanctioned PR campaigns aimed at creating approval (or passive acceptance of) a corrupt, phony status quo.
All bubbles, even the one in distributing BS, eventually pop, decimating all who relied on the bubble for their livelihood.

This post was published at Charles Hugh Smith on FRIDAY, SEPTEMBER 02, 2016.