Sunday, July 31, 2011

Genius: no more beer until a compromise is reached

Of course, it's Eric Falkenstein:
The key to ending an impasse is to have something really annoying but not catastrophic happen while the impasse occurs. Default was the current topic in Washington, but this is pretty severe. As was done over 2000 years ago in Lysistrata, a crisis should focus on something both more and less pressing at some levels, in this case have a clause that says 'no more beer until a compromise is reached.' That would provide the same incentives but not affect our credit rating.

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