Absolutely, most journalists do not understand basic quantitative reasoning or economic principles.
For example, I read a BBC article a while back about a sand shortage in India. It turns out the government imposed a price-ceiling, and there was no shortage at all (sand was available in the black market) - there was just a shortage at the government mandated price point.
Any economics 101 student can tell you that if you set a price-ceiling there will be a shortage.