The Washington Post has a follow-up on Dean Baker's complaint about its Mexican GDP calculations (I blogged the story here). The Editorial Board's defense: it took the figures from a presentation by a Mexican economist. This is not much of a defense, about like "I was sooooooooooooo drunk!" The first rule of economics journalism is Always Adjust for Currency Changes, and a real quadrupling of GDP in 20 years implies a growth rate of over 7% a year, which is just obviously not the case in Mexico. But they also point out that Dean Baker made some sizeable errors, as well as cherry picking a not-terrifically-appropriate statistic in order to give the lowest possible figure to contrast with the WaPo's ridiculously high one. All in all, no one's really covered in glory.
We want to hear what you think about this article. Submit a letter to the editor or write to firstname.lastname@example.org.