Alex T Tabarrok wrote:
>
> Bryan D Caplan wrote:
>
> >Another annoying thing about the "I told you there was a bubble" people
> >is that a good chunk of the stock market crash can be attributed to the
> >9/11 attacks (more specifically, indirect effects via policy changes).
> >If ever there were a random shock, it was 9/11.
> >
> >
> Shame on Bryan for asserting such a falsehood. Here is a graph of the
> Nasdaq market. It is very clear that the crash happened well before
> 9/11.
Gee, Alex, I said "a good chunk," not all, or even 50%. And your graph
is of the Nasdaq rather than the broad market, and shows absolute levels
rather than percent changes.
--
Prof. Bryan Caplan
Department of Economics George Mason University
http://www.bcaplan.com [EMAIL PROTECTED]
"He wrote a letter, but did not post it because he felt that no one
would have understood what he wanted to say, and besides it was not
necessary that anyone but himself should understand it."
Leo Tolstoy, *The Cossacks*
