I had coffee today with one of my favourite industry guys (who shall remain nameless!), when we meet there is generally a very active dialogue on any topic that comes up, when we got onto the economy I told him I have a question that I like to ponder called the ‘god question’, it’s simple you ask a person ‘if you had godlike powers what three things would you do in the morning to fix the economy’ [you can ask this question for any topic, it often brings out some surprising answers].
I asked Dan O’Brien this at a conference and he didn’t have an answer, but he said it was a good question. The next person I tried it with was Karl Whelan, his answer was only two things, ‘raise taxes and cut spending’. Suffice to say the question is flawed because giving godlike powers infers that resistance will be futile or non-existent, Karl copped that straight away and answered accordingly.
So there is a new question to replace it, we can call it the ‘mortality question’ and it was brought up by my colleague over coffee today. It goes like this:
‘If you had one year to turn the economy around or you would be publicly executed, what policies would you enact?’ This question is far superior as it solves the issue of resistance and makes the game ‘for keeps’.
So, if you have what it takes to fix the economy, give no more than 6 specific policies that you would use if you were in the position of having to resolve it fast or die.