Hi, Chris Harrison!
Thanks for helping me explain the trilemma to my class! With a son in college, you know how hard online learning is for students. I’m so excited to make this topic engaging and fun for my students by including a Cameo from you in the middle of my lecture.
The trilemma is just like the rose ceremony that takes place after the fantasy suites. Basically, there are three economic policies, but a government can only ever pick two of them. The three economic policies are: free capital flows, a fixed exchange rate, and independent monetary policy. It’s economically impossible for a government to have all three at once — they can only have two. So… governments have to face hard tradeoffs, just like the Bachelor/ette!
It would be great if you could state what the trilemma is, make the comparison, and talk about how hard this particular rose ceremony is for the Bachelor/ette (feel free to share some examples of conversations you had with them!).
Thanks so much!
Lindsay (“Professor Dolan” to my students)
P.S. I’ll be using this in class for years to come, so please avoid mentioning the pandemic, etc. :-)