Mike O'Hare thinks the Administration's "Stay the Course" policy is like pursuing the Martingale System at roulette: if you keep doubling your bets until you win, eventually you'll go home ahead of the game: unless you go broke first.
I think we're caught instead in Martin Shubik's "Dollar Auction Game." That's a bad place to be.
How do we get out of this fix with the loss of as little skin as possible?
Here's one idea: announce right now...
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