Subject:  How would you fix the world economy?


   What is wrong with the world economy? Everybody think this question and try to find the solution. Each person has different ideas for fixing the world economy. But they all agreeable about one thing  “ the world economy goes worse day by day”. Asia is in recession, European economies are sluggish, the Russian economy is miserable and so on. These countries were supposed to take over the world with their amazing economies.
   I think there should be a change in economic policy in the world. The presidents of the countries should cut government spending to reduce the budget deficit and also the Federal Reserve should cut interest rates to stimulate a flagging economy or it should avoid such moves in order not to risk higher inflation. The central bank should aim for zero inflation. The tax system should be reformed too to promote faster economic growth. The government of countries should balance their budgets. Countries should allow free trade in the world and also higher tariffs should be lift. Economic stability should be provided by the government.