Are Hacks Financial Illiterates?

by Patrick Appel

Felix Salmon thinks so:

I think it’s fair to say that going to journalism school increases your chances of getting a job in journalism. If J-school graduates are almost by definition financially naive if they weren’t financially naive they’d never have spent so much money on J-school then maybe J-school is only serving to increase the number of innumerates working in journalism. Which is a sobering thought.