The economic costs of Brexit cross the line into groupthink
Disaster is predicted if Britain votes to leave the EU – but the figures don’t add up
Consensus among economists quickly unravels. In April 1999, “Britain’s top academic economists” voted strongly in favour of switching from the pound to the euro. Mercifully, the government had better sense. In August 2008, Olivier Blanchard, then professor at Massachusetts Institute of Technology, reported that economists shared a common vision of macroeconomics “because”, he said, “facts do ...
