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.
-
1. Write off the World’s Debt
By Paul Kedrosky -
2. Hire Everybody
By Diane Coyle -
3. Get Better Data
By Paul Saffo -
4. Cut Defense Spending
By Barney Frank -
5. Whip Up Inflation, Now
By Menzie Chinn and Jeffry Frieden -
6. Spend $1 Trillion on the Future
By Justin Yifu Lin -
7. Raise the Minimum Wage. A Lot.
By James K. Galbraith -
8. Think Small
By Vivek Wadhwa -
9. Tame the World’s Crazy Currency System
By David M. Smick -
10. Buy More Yachts
By Robert H. Frank -
11. Get Healthy, Get Wealthy
By Esther Dyson -
12. Build Green Cities
By Alex Steffen -
13. Take a Vacation
By Daniel C. Dennett
More from Foreign Policy


Lessons for the Next War
Twelve experts weigh in on how to prevent, deter, and—if necessary—fight the next conflict.


It’s High Time to Prepare for Russia’s Collapse
Not planning for the possibility of disintegration betrays a dangerous lack of imagination.


Turkey Is Sending Cold War-Era Cluster Bombs to Ukraine
The artillery-fired cluster munitions could be lethal to Russian troops—and Ukrainian civilians.


Congrats, You’re a Member of Congress. Now Listen Up.
Some brief foreign-policy advice for the newest members of the U.S. legislature.