💡 INSIGHT

Warren Buffett once said he could fix the U.S. deficit in 5 minutes

“Make it law: if the deficit goes above 3% of GDP, every member of Congress is banned from reelection.”

⚠️ The idea:

Not a money problem…

an incentive problem

Change incentives → change behavior

Simple… but powerful

#Economy #Buffett #Policy #US #Finance