What happened to good news?

Source: EconLog
by Scott Sumner

“Last year, Matt Yglesias did a post suggesting that all news is bad news. Allowing for hyperbole, I think that’s roughly true. But I recall a time when it was not true, when much of the news was good. To be fair, Yglesias is mostly considering a certain type of popular headline news, which has always been dominated by bad events. There have always been many more stories of houses that burned down than houses that did not burn down. But today, even the more intellectual news sources are dominated by bad news. That was not true in the 1980s and 1990s.” (06/16/22)