Why We Build Fiscal Cliffs

Congress, like a dieter, needs pre-commitment mechanisms to accomplish its goals.

by

Justin Fox

by

Justin Fox

November 21, 2012

Why is there a fiscal cliff? Because Washington built it.

Justin Fox, a former editorial director of Harvard Business Review, is a columnist for Bloomberg View. He is the author of The Myth of the Rational Market. Follow him on Twitter @foxjust.

Partner Center