Some Pictures Are Indeed Worth a Thousand Words

Source: American Institute for Economic Research
by Donald J Boudreaux

“Data can easily mislead, but they can also inform. Indeed, much social and economic reality cannot be adequately grasped without quantitative data that are thoughtfully classified, skillfully assembled, and carefully interpreted. And when data are displayed in the form of graphs, the information conveyed can be enormous. Such ‘pictures’ are indeed often worth a thousand words, or more. Presented below are graphs that bust many myths about international trade and the U.S. economy.” (09/19/22)