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Gresham's Law, in monetary studies, is the tendency of bad money to drive out good. When potentates start debasing their currencies, people hoard the coins with high precious-metal content and spend the bad stuff. Coins laced with lead and copper take over the money supply.

There is a similar dynamic going on in media. As platforms proliferate, crap news is driving out legitimate news. It started when Time magazine started its "People" section. It expanded when Time turned "People" into a whole magazine. It expanded again with reality TV, Gawker, Kate Gosselin etc. Now it has reached a new high. Today's New York Times -- the sober newspaper of record, the Gray Lady! -- has published this headline and subhed on its home page:

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On the contrary. This seems to be a powerful sign that the world is indeed ending.

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