(Mises)—Last week, the news media went ballistic after the owners of the Los Angeles Times and Washington Post blocked each paper’s editorial boards from formally endorsing Kamala Harris for president. The Times editorial editor resigned in protest. Two other members of the editorial board followed her lead. Two Washington Post columnists resigned as well to signal their disapproval of the move, and many readers from both publications have reportedly canceled their subscriptions in response.
Journalists Bob Woodward and Carl Bernstein, who are famous for reporting on Watergate while working at the Washington Post, released a statement stating their disappointment. Former executive editor Martin Baron called the decision “cowardice, with democracy as its casualty.” Nineteen Washington Post columnists signed an op-ed calling the lack of an endorsement a “terrible mistake.” And the unions of both publications released statements expressing their concern over such a move.
Across the board, the cited concern is that we are just days away from a consequential election where one of the candidates poses a major threat to democracy itself. The rest of the media see the billionaires who own each outlet as “preemptively self-censoring” themselves to avoid offending Donald Trump. This “self-censorship” then, we’re told, makes it more likely that Trump will get elected.
The assumptions that underlie these concerns are worth unpacking. The first, and perhaps most foolish notion, is that an endorsement from the LA Times or Washington Post will be a consequential factor in this election. The audience of both papers already skews heavily Democrat. Also, it is no mystery to anyone who spends as little as thirty seconds scrolling through editorial headlines that the papers’ editors support Harris over Trump, and why.
A short look at the opinion and news stories in either paper is also enough to dispel the notion that either outlet’s executives are worried about displeasing Trump. Even in the “hard news” sections, Trump is framed as an unhinged fascist set to destroy the country to nurse his fragile ego, while Harris is a serious, stern, problem-solving public servant who, at worst, has made a few tactical mistakes on the campaign trail. No honest observer can seriously say these papers are “staying silent” about this election.
Above all, the intensity of the meltdown we’re seeing from media figures both inside and outside of these two publications reveals how profoundly out-of-touch most of the establishment media is about their own importance.
There was a time, mainly back in the mid-to-late-1800s, when the public got virtually all its news from newspapers. It’s hard to overstate how much power that put in the hands of the printers, and later editors and executives, who produced these papers.
As we go about our lives, we are constantly building and refining an internal model of reality that helps us better act to achieve our desired ends. Much of this model is fashioned from our own experience or the experience of our friends and families—which gets shared with us through advice and stories. To understand all parts of the world that exist outside the experience of ourselves and those we personally know, we rely on media. In the nineteenth century, the media consisted almost exclusively of books, pamphlets, and newspapers.
Because our internal models of reality are indistinguishable from reality itself and newspapers were effectively the sole source of information about current events, newspaper editors exerted an enormous amount of control over how the population saw the world. And their near-monopoly over public discourse about current events gave them a lot of authority when analyzing or endorsing the actions of politicians.
As other forms of media gained traction, however, the dominance of newspapers began to wane. That started with magazines—the first truly national news outlets—and it really accelerated with the rise of radio and television news. But the high cost of starting a new publication and the government’s early seizure of the airwaves kept control over the information space mostly in the hands of a small, establishment-friendly group.
That changed in the 1990s with the introduction of internet blogs. Suddenly, anyone with an internet connection could reach readers without filters, editors, or space constraints. It wasn’t obvious at first, but with this one seemingly-innocuous development, the establishment’s monopoly on the information space was shattered forever.
Now, three decades later, the consequences of such a change are much harder to ignore. From Occupy Wall Street, the Tea Party, and the campaigns of Ron Paul and later Donald Trump at home, to the Arab Spring and the passage of Brexit abroad, the internet has changed the world. Not only because it allowed people to see and hear dissenting views, but because it showed people that those views were popular.
In an election this close, neither candidate has been able to ignore the new reality we find ourselves in. Both Harris and Trump have appeared on popular podcasts, with Trump making such appearances a central part of his campaign. Last week, Trump sat for a three-hour discussion on the Joe Rogan Experience, which is technically the most-watched talk show of any kind in the world by far.
Trump’s appearance on Rogan has been viewed nearly forty million times on YouTube alone (Spotify and Apple Podcasts don’t publish download numbers, but both also account for a large portion of Rogan’s listenership, so the total number is likely much higher.) The interview towers over Kamala Harris’s recent interview with Fox News, which, at 8 million viewers, had been celebrated as the highest-rated interview of the 2024 election. The internet is no longer a sideshow in our media environment. It’s the main stage.
Which is why it’s absurd to see an absolute meltdown over whether two newspapers print formal endorsements for one of the candidates. The panic can only be understood as a symptom of the legacy media being unable or unwilling to face the fact that they are no longer the main force influencing and controlling how the public sees the world.
The establishment press does still pose a serious threat with all the various ways they distort our perceptions of the truth in ways that are politically-expedient for them and their friends in government. But the hysteria last week over the withdrawn editorial endorsements demonstrates that many are still hyper-focused on some media practices that today are largely irrelevant. And that’s grounds for optimism.
Five Things New “Preppers” Forget When Getting Ready for Bad Times Ahead
The preparedness community is growing faster than it has in decades. Even during peak times such as Y2K, the economic downturn of 2008, and Covid, the vast majority of Americans made sure they had plenty of toilet paper but didn’t really stockpile anything else.
Things have changed. There’s a growing anxiety in this presidential election year that has prompted more Americans to get prepared for crazy events in the future. Some of it is being driven by fearmongers, but there are valid concerns with the economy, food supply, pharmaceuticals, the energy grid, and mass rioting that have pushed average Americans into “prepper” mode.
There are degrees of preparedness. One does not have to be a full-blown “doomsday prepper” living off-grid in a secure Montana bunker in order to be ahead of the curve. In many ways, preparedness isn’t about being able to perfectly handle every conceivable situation. It’s about being less dependent on government for as long as possible. Those who have proper “preps” will not be waiting for FEMA to distribute emergency supplies to the desperate masses.
Below are five things people new to preparedness (and sometimes even those with experience) often forget as they get ready. All five are common sense notions that do not rely on doomsday in order to be useful. It may be nice to own a tank during the apocalypse but there’s not much you can do with it until things get really crazy. The recommendations below can have places in the lives of average Americans whether doomsday comes or not.
Note: The information provided by this publication or any related communications is for informational purposes only and should not be considered as financial advice. We do not provide personalized investment, financial, or legal advice.
Secured Wealth
Whether in the bank or held in a retirement account, most Americans feel that their life’s savings is relatively secure. At least they did until the last couple of years when de-banking, geopolitical turmoil, and the threat of Central Bank Digital Currencies reared their ugly heads.
It behooves Americans to diversify their holdings. If there’s a triggering event or series of events that cripple the financial systems or devalue the U.S. Dollar, wealth can evaporate quickly. To hedge against potential turmoil, many Americans are looking in two directions: Crypto and physical precious metals.
There are huge advantages to cryptocurrencies, but there are also inherent risks because “virtual” money can become challenging to spend. Add in the push by central banks and governments to regulate or even replace cryptocurrencies with their own versions they control and the risks amplify. There’s nothing wrong with cryptocurrencies today but things can change rapidly.
As for physical precious metals, many Americans pay cash to keep plenty on hand in their safe. Rolling over or transferring retirement accounts into self-directed IRAs is also a popular option, but there are caveats. It can often take weeks or even months to get the gold and silver shipped if the owner chooses to close their account. This is why Genesis Gold Group stands out. Their relationship with the depositories allows for rapid closure and shipping, often in less than 10 days from the time the account holder makes their move. This can come in handy if things appear to be heading south.
Lots of Potable Water
One of the biggest shocks that hit new preppers is understanding how much potable water they need in order to survive. Experts claim one gallon of water per person per day is necessary. Even the most conservative estimates put it at over half-a-gallon. That means that for a family of four, they’ll need around 120 gallons of water to survive for a month if the taps turn off and the stores empty out.
Being near a fresh water source, whether it’s a river, lake, or well, is a best practice among experienced preppers. It’s necessary to have a water filter as well, even if the taps are still working. Many refuse to drink tap water even when there is no emergency. Berkey was our previous favorite but they’re under attack from regulators so the Alexapure systems are solid replacements.
For those in the city or away from fresh water sources, storage is the best option. This can be challenging because proper water storage containers take up a lot of room and are difficult to move if the need arises. For “bug in” situations, having a larger container that stores hundreds or even thousands of gallons is better than stacking 1-5 gallon containers. Unfortunately, they won’t be easily transportable and they can cost a lot to install.
Water is critical. If chaos erupts and water infrastructure is compromised, having a large backup supply can be lifesaving.
Pharmaceuticals and Medical Supplies
There are multiple threats specific to the medical supply chain. With Chinese and Indian imports accounting for over 90% of pharmaceutical ingredients in the United States, deteriorating relations could make it impossible to get the medicines and antibiotics many of us need.
Stocking up many prescription medications can be hard. Doctors generally do not like to prescribe large batches of drugs even if they are shelf-stable for extended periods of time. It is a best practice to ask your doctor if they can prescribe a larger amount. Today, some are sympathetic to concerns about pharmacies running out or becoming inaccessible. Tell them your concerns. It’s worth a shot. The worst they can do is say no.
If your doctor is unwilling to help you stock up on medicines, then Jase Medical is a good alternative. Through telehealth, they can prescribe daily meds or antibiotics that are shipped to your door. As proponents of medical freedom, they empathize with those who want to have enough medical supplies on hand in case things go wrong.
Energy Sources
The vast majority of Americans are locked into the grid. This has proven to be a massive liability when the grid goes down. Unfortunately, there are no inexpensive remedies.
Those living off-grid had to either spend a lot of money or effort (or both) to get their alternative energy sources like solar set up. For those who do not want to go so far, it’s still a best practice to have backup power sources. Diesel generators and portable solar panels are the two most popular, and while they’re not inexpensive they are not out of reach of most Americans who are concerned about being without power for extended periods of time.
Natural gas is another necessity for many, but that’s far more challenging to replace. Having alternatives for heating and cooking that can be powered if gas and electric grids go down is important. Have a backup for items that require power such as manual can openers. If you’re stuck eating canned foods for a while and all you have is an electric opener, you’ll have problems.
Don’t Forget the Protein
When most think about “prepping,” they think about their food supply. More Americans are turning to gardening and homesteading as ways to produce their own food. Others are working with local farmers and ranchers to purchase directly from the sources. This is a good idea whether doomsday comes or not, but it’s particularly important if the food supply chain is broken.
Most grocery stores have about one to two weeks worth of food, as do most American households. Grocers rely heavily on truckers to receive their ongoing shipments. In a crisis, the current process can fail. It behooves Americans for multiple reasons to localize their food purchases as much as possible.
Long-term storage is another popular option. Canned foods, MREs, and freeze dried meals are selling out quickly even as prices rise. But one component that is conspicuously absent in shelf-stable food is high-quality protein. Most survival food companies offer low quality “protein buckets” or cans of meat, but they are often barely edible.
Prepper All-Naturals offers premium cuts of steak that have been cooked sous vide and freeze dried to give them a 25-year shelf life. They offer Ribeye, NY Strip, and Tenderloin among others.
Having buckets of beans and rice is a good start, but keeping a solid supply of high-quality protein isn’t just healthier. It can help a family maintain normalcy through crises.
Prepare Without Fear
With all the challenges we face as Americans today, it can be emotionally draining. Citizens are scared and there’s nothing irrational about their concerns. Being prepared and making lifestyle changes to secure necessities can go a long way toward overcoming the fears that plague us. We should hope and pray for the best but prepare for the worst. And if the worst does come, then knowing we did what we could to be ready for it will help us face those challenges with confidence.
