WAPO Goes Overboard for Trade, Again

The Washington Post, which once told readers that Mexico's GDP had quadruped between 1987 and 2007 to bolster its case for NAFTA (the actual increase was 83 percent), was in the exaggerated numbers again mode yesterday in discussing the impact of a trade agreement on Japan. In reporting the projections from a model, the article told readers that as a result of the trade agreement (inaccurately described as a "free trade" agreement):

"consumer prices would drop 39 percent."

There is no model t...