Blogosphere

I've been away from Dan Drezner for too long. The prolific UChicago/Tufts blogger/econ prof. The quote below is from a great aggregation on current feelings regarding the influence and purpose of the blogosphere.

danieldrezner.com :: Daniel W. Drezner :: What is it that blogs do?: "Every day, each of us receives new information. Think of this as news, or as a flash of inspiration. I post my new information to my blog. This information has value that consists of two random components. One component is its general value--which is equal for everyone on the circle. The other component is local value, which means that the farther it gets from me, the lower its value becomes. However, I only observe the total value of a piece of information to me. It is impossible for me to distinguish between the two components, so I do not know who else might be interested in the information."