As relayed by Harvard economics professor and chairman of George W. Bush’s Council of Economic Advisers, N. Gregory Mankiw, “The Princeton economist Alan Blinder once proposed Murphy’s Law of economic policy: ‘Economists have the least influence on policy where they know the most and are most agreed; they have the most influence on policy where they know the least and disagree most vehemently.’”

The quintessential example of this phenomenon is the near-unanimity of economists from across the political spectrum on … Continue reading Free Trade Is Fair Trade