Iron Law of Truth: Any event or idea loses its real meaning by the square of the distance from it, the size of it, and the time elapsed after it …

— Bill Bonner

Our hands shook as we put on our glasses. Our knees cracked as we stooped to wonder: Is there any Truth in public affairs?

What we came to understand is that, often, there is none.

Ignorance is one of our charms here at the Diary. Not that we are more ignorant than others; we just take it more seriously.

We appreciate it. And since we are so chummy with ignorance, we see it everywhere. In every headline. Every public announcement. Every speech on the floor of the Senate… and every crackpot comment from every halfwit voter in the empire.

If something happened in your backyard yesterday, in broad daylight, you might know something about it. Or if you tell us about your life… about your people and how they live…

We will listen with both ears.

But give us the unemployment rate. Tell us why Rome fell. Explain the Virgin Birth…

Go ahead. We need a laugh.

You already know our Iron Law of Truth: Any event or idea loses its real meaning by the square of the distance from it, the size of it, and the time elapsed after it.

By the time you read about it in the paper, there is hardly a trace of truth left.

“Stop watching the news,” says our friend Rolf Dobelli — “News is to the mind what sugar is to the body… The media feeds us small bites of trivial matter, tidbits that don’t really concern our lives and don’t require thinking.”

Before we know it, our brains have rotted out.

The more thoughtful pieces of news pretend to tell you something important. But often, the real information content is low, misleading, or false.”

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