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"Then I looked closer and … yup. The axes are in different scales! While Mexican imports are rising, the U.S. still has a large trade surplus on used vehicles, about $360 m."
At the link to the "interesting post" the very first graph puts imports and exports together on the same scale. It's at the top and it's much larger than these two. In context, I see nothing wrong with the presentation. Note also that the presentation is standardized across a variety of goods. A human studying these would become accustomed to using a page wisely.
How to Lie with Charts
By Jonathan B. Wight This interesting post about the international trade in used cars has a startling graphic: Startling because when I looked at it I thought, “We’re suddenly getting swamped by a flood of Mexican-made used cars! OMG, Donald Trump is right.” Then I looked closer and … yup. T...
Bernanke and Frank, Principles of Macro, puts inflation on the vertical. Thoughts? Presumably it was a pedagogical choice with some motivation. "Anchored expectations (of inflation?)"?
In defence of the AS-AD framework
I disagree with Peter Dorman (HT Mark Thoma). I have used the AS-AD framework many times in my blog posts (and I don't remember anyone ever snickering at me for doing so) because I find it useful. Paul Krugman offers a partial defence of AS-AD, with the following caveat: "So there is a place for...
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Oct 17, 2012
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