Liar's Paradox Given the pedigree of the Liar's Paradox, one must be careful in seeking simple, obvious solutions without considering why those solutions haven't gained widespread acceptance amongst logicians and philosophers of logic. To quote Tim Williamson on this issue, "We'll have to be willing to tolerate some pretty strange ideas [to solve the Liar's Paradoxes] because we've tried all the non-strange ideas, and none of them worked."
So the Liar's Paradox (LP) is standardly formulated as follows:
"This [sentence/statement/proposition] is false."
Where's the problem? It's simple. If that Liar Sentence is true, then it follows that it is also false. After all, it says (about itself) that it is false. But if you say that the LP is false, then it follows that it is also true. After all, it says (about itself) that it is false. Giving it either truth-value ends in a contradiction, which people (especially in the Western philosophical tradition) find intolerable.
So a couple of people have voiced their preferred solution, so to address them in brief:
"The Liar Sentence is not Truth-Apt"
The idea here is simple. If giving the LP either the value of "true" or the value of "false" results in an inescapable contradiction, we can avoid the Paradox by saying that the LP has neither value, thus preventing the contradiction. There are many arguable problems here. Firstly, this would seem to require abandoning the Law of the Excluded Middle or else the Principle of Bivalence. Now, I've no qualms with dropping Classical Logic in favor of a Non-Classical Logic, but I get the feeling many people would not like that.
But most importantly, this does *not* actually solve the Liar's Paradox. A so-called Revenge Paradox (RP) can constructed to prove the futility here:
"This proposition is [not true/a valueless proposition]"
"This proposition is neither true nor false"
"This sentence is either false or neither true nor false"
"This sentence is ungrounded."
This RP shows that simply denying the LP a truth-value gets you nowhere. If this RP is truth-valueless (as it must be, if the original LP was valueless), then this Revenge Paradox is *both* True and Truth-Valueless (because it says, about itself, that it lacks a truth-value). And if the RP is not Truth-Valueless, the it is False and Truth-Valueless (because it says of itself, a valueless statement, that it has a truth-value). Again, the contradiction pops up. Revenge Paradoxes are the standard problem with solutions to the Liar's Paradox, and positing truth-value gaps don't have a good track record. And so solutions like Kripke's just don't seem to work. Unless I'm mistaken, Kripke himself posited that his solution would possibly be subject to a Revenge Paradox when he first wrote about his solution.
"The Liar refers to Sentences, when Only Propositions are Truth-Apt"
So the idea here is that sentences aren't the objects which possess the property of truth. But rather, that propositions are the objects which bear truth. Ignoring the debate about what actually bears truth, this seems like a dubious solution to the problem. It seems to be basically Kripke's solution: that the Liar sentences are ungrounded. If that's the case, I don't see how one escapes the Revenge Paradoxes.
"The Liar is an infinite Regress"
The ideas here seem to be a bit odd to me. The Liar doesn't loop endlessly, it can simply be taken to be a proposition which relates to 2 truth-values at the same time. That a program would loop in assessing the Liar's value doesn't mean that the Liar fails to have truth-conditions. Computational processes are (arguably) limited in a number of ways, yet we don't axe logical problems on that basis. For example, so far as I know, no computational process can demonstrate the Incompleteness of logical systems of sufficient complexity, and yet it's plainly obvious to logicians why these systems are Incomplete (see Gödel's Incompleteness theorems & Gödel encoding).
The reason why the Liar sentences are philosophically and logically interesting is because they've played a big role in a number of key areas: the foundations of modern mathematics (Russell’s Paradox), discussions about the nature of truth (Tarski's Theorem, dialetheism), and so on.
Now I personally find the Dialetheist response to these paradoxes compelling. E.g. Accept these as true contradictions, switch to a Paraconsistent Logic, and adopt truth-relational semantics. But that's quite controversial