Asked why the kind of analytical, data-driven journalism that his site hopes to practice has attained such great purchase over the past five to ten years, Leonhardt answered like, well, an economics writer. The Internet, he said, “has turned journalism into more of a market, in which good work can rise to the top. I think people have realized that judging presidential elections based not on crowd sizes but fundamentals like the economy and polls is a better way to do it. It took us too long to realize this, but judging house prices based on fundamentals like income and rent is a better way to do it than saying house prices have never gone down.” (via Times Editor Explains How NYT Will Replace Nate Silver | New Republic)

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