Economy Issue
Debt-ridden and hidebound, Europe may be on the verge of a painful breakup. America is still reeling from the 2008 financial crisis. Even China and India — the new engines of global growth — seem to be sputtering these days. Worse yet, the usual wonkish prescriptions don’t seem to be working anymore. So we asked ...
Debt-ridden and hidebound, Europe may be on the verge of a painful breakup. America is still reeling from the 2008 financial crisis. Even China and India -- the new engines of global growth -- seem to be sputtering these days. Worse yet, the usual wonkish prescriptions don’t seem to be working anymore. So we asked 13 of the smartest people we know to give us their one out-of-the-box idea for fixing the global economy. Here’s what they recommend.
Debt-ridden and hidebound, Europe may be on the verge of a painful breakup. America is still reeling from the 2008 financial crisis. Even China and India — the new engines of global growth — seem to be sputtering these days. Worse yet, the usual wonkish prescriptions don’t seem to be working anymore. So we asked 13 of the smartest people we know to give us their one out-of-the-box idea for fixing the global economy. Here’s what they recommend.
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1. Write off the World’s Debt
By Paul Kedrosky -
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2. Hire Everybody
By Diane Coyle -
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3. Get Better Data
By Paul Saffo -
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4. Cut Defense Spending
By Barney Frank -
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5. Whip Up Inflation, Now
By Menzie Chinn and Jeffry Frieden -
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6. Spend $1 Trillion on the Future
By Justin Yifu Lin -
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7. Raise the Minimum Wage. A Lot.
By James K. Galbraith -
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8. Think Small
By Vivek Wadhwa -
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9. Tame the World’s Crazy Currency System
By David M. Smick -
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10. Buy More Yachts
By Robert H. Frank -
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11. Get Healthy, Get Wealthy
By Esther Dyson -
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12. Build Green Cities
By Alex Steffen -
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13. Take a Vacation
By Daniel C. Dennett
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