Barack Obama’s Biggest Economic Mistake Has Been…

In the current issue of Foreign Policy, the editors of the FP Survey ask “top experts” for pithy solutions to the world’s economic problems, “twitter style.”  Some of the answers:

THE BIGGEST THREAT TO THE GLOBAL ECONOMY IS …
Anti-market bias. -Bryan Caplan •  Procrastination. -Peter Diamond •  Short-term thinking. -Esther Dyson •  A euro meltdown. -Dean Baker  •  Tax-cut fanatics. -Jeffrey Frankel •  The bond market. -Andy Sumner •

MY OUT-OF-THE-BOX SUGGESTION TO REVIVE THE GLOBAL ECONOMY IS
Wipe out debts. -Daron Acemoglu •  Require candidates for national office to pass ninth-grade tests on arithmetic, history, and geography. -Jeffrey Frankel •  Double down on science. -Tyler Cowen •  A government lottery where winners have mortgages, student loans, or other debt paid off. -Mark Thoma •  We don’t need “out-of-the-box” solutions; we need “head-out-of-the-sand” ones. -Adam Hersh •  Pray. -David Smick

BARACK OBAMA’S BIGGEST ECONOMIC MISTAKE HAS BEEN …
Letting Larry Summers go. -Gary Hufbauer •  Not reorganizing the big banks. —David Smick •  Trying too hard to find common ground with an opposition that won’t compromise on any terms. -Vincent Crawford •  Assuming office in January 2009. -Jeffrey Frankel

OCCUPY WALL STREET IS …
A misdirected tantrum. -Philip Levy •   A harmless pastime for unemployed youth. -Gary Hufbauer •  Reasonable complaints about crony capitalism plus self-righteous economic illiteracy. -Bryan Caplan

BY ELECTION DAY 2012, THE U.S. ECONOMY WILL BE …
Improving, but leaving many people behind. -Arnold Kling .  Limping along, with unemployment declining but still around 8 percent. -Daron Acemoglu .  Blamed for the outcome. -Jeffrey Frankel

ECONOMISTS SHOULD BE PAYING MORE ATTENTION TO …
How people actually behave rather than how they are idealized to behave. -Abhijit Banerjee •  Corporate governance. -Peter Diamond •  The fact that macroeconomic theory went up a blind alley some 20 years ago. -Jeffrey Frankel •  Creeping protectionism across the global economy. -Gary Hufbauer •   The impediments to job creation for young people. -Valerie Ramey •  Reality. -James D. Hamilton