Economics and the mid-life crisis have much in common: Both dwell on foregone opportunities

C'est la vie; c'est la guerre; c'est la pomme de terre . . . . . . . . . . . . . email: jpalmer at uwo dot ca

. . . . . . . . . . .Richard Posner should be awarded the next Nobel Prize in Economics . . . . . . . . . . . .

Monday, February 14, 2005

Germany: Others Must Appease Iran

According to the Associated Press, Germany is urging the U.S. to try to buy off Iran:
Germany appealed Saturday for the United States to join Europe in ending Iran's isolation, saying economic and security incentives were needed to persuade Tehran to abandon its nuclear ambitions.

In other words, the rest of the world should try to bribe Iran to abandon its nuclear weapons programme. But as BF, who sent this to me, says,
Isn't this the same as the deal Bill Clinton cut with North Korea?

Senator John McCain, who serves on the Senate Armed Forces Committee, gave a cautious response to the German suggestion of economic incentives for Tehran."You have to be careful you don't reward them for embarking on a path that is certainly destabilizing the whole region," the Arizona Republican told reporters at the conference.

After all, gubmnts (they're made up of people) respond to incentives.
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