Alex Tabarrok has an interesting proposal to shake up the presidential debates, or really to replace the debates: he wants the candidates to submit to a format along the lines of one of the reality tv talent shows where instead of singing and dancing skills the candidates demonstrate things like mediation and negotiation skills.
I don't know about such a proposal, aside from the fact that it would never happen, but I do think the debates suck and need to be changed. I think it would be cool if they got rid of the moderators and time limits and held a quaker meeting style debate. Totally free form, Biden would hang himself in the first two minutes.
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