When President Harry Truman said that he wanted to find a one-armed economist because his economic advisors always said,"On the one hand...and on the other hand..." he recognized that the advice of economists is often equivocal.Why is their advice often equivocal?

Question

Quizplus · Accepted Answer

Economists are aware that tradeoffs are involved in most policy questions. Economic issues often involve multiple factors and tradeoffs, which makes it difficult to provide clear-cut advice. This is why economists often present different perspectives and highlight the pros and cons of different policy options.

When President Harry Truman Said That He Wanted to Find