It is 25 years since the concept began as a newspaper column before graduating to a independent weekly online when the newspapers(twice) decided that it hadn't a place in their pages.
Warsh is keen to distinguish between himself and a blog
With its public broadcasting-like format on the Web – supported, that is, by a relatively small number of subscribers, who receive an early email “bulldog” edition – it now generates around $8,000 a year. That’s not much; but along with income from books and talks, it’s enough to continue indefinitely, as long as renewals hold up and the base continues to grow. There’s no way to be comprehensive, or to compete with newspapers and magazines at what they do best, but EP still manages to maintain a baseline of coverage
Most importantly its readership is growing but it's the comments directed at the newspaper and magazine industry that are most interesting.
As the newspaper business has shrunk
the implications haven’t been sufficiently examined. To cope, papers have been eliminating beats, outsourcing coverage, and, in EP’s field, relying increasingly on economists to write rotating columns
And maybe he points the finger at why the media didn't focus on the economy during those boom years
Economics is a profession; news is a trade
Whereas economics working in their field re guided purely by professional interpretations,the journalist has many other external influences working against him.
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