There is an interesting discussion on over at Crooked Timber and at Brad DeLong's blog on this topic. There's just too much there for me to summarize here: lots of wonderful ideas about the prevailing culture in journalism and blogging, the underlying assumptions, and of course, the future of each. Worth checking out.
While at it, I should also point to this article on a long bet on the authority of weblogs and that of NYTimes in Google.
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