As the story goes, Franklin Roosevelt spent a good portion of his time as president during the midst of the Great Depression searching for a one-armed economist.
This search was driven by the fact that, whenever he would ask one of his economists how to solve the depression, they would give him an answer and then say: “Of course, on the other hand …” and give the exactly opposite suggestion.
Thus when more than two economists agree, it’s big news. So when 1,470 economists agree on something, it must be important. What have these Nobel laureates, former high level policy advisers, and academics agreed on? Continue reading