Isn't That Just an Asian Effect?
Over at Freakonomics, Justin Wolfers shares a graph showing how different nations are faring during this recession. His take: “the greater your involvement in producing high-value goods, the harder the fall.” My take on the same graph: Asian economies are doing worse. Drop them out, and Wolfers’ slope looks like a vertical line to me.
Am I wrong?
The post appeared first on Econlib.