Free-market George Mason University economist (okay, thats redundant) Tyler Cowen offers his prescription for what the president should do if hes elected to a second term. Here are some of my favorites:
2. Tell Western Europe it is paying for its own defense from now on.
5. Strengthen Americas commitment to science. This will have implications for educational policy, immigration policy, and regulatory policy. Dont restrict stem cell research. Hope that science comes up with affordable and politically sustainable solutions for global warming and clean energy independence. You might have libertarian objections to science subsidies, but the realistic alternative today is more government intervention.
12. Get on TV and tell the nation that a free economy is a critical source of our strength. Tell them you mean it, and then mean it. Economic growth is the greatest long-run gift we can give to the world.
By the way, for those unfamiliar with Cowens work, he is author of a couple of brilliant books: Creative Destruction : How Globalization Is Changing the Worlds Cultures and In Praise of Commercial Culture (not to slight his other books, which I havent read). He has also assembled an extremely useful Ethnic Dining Guide for the Washington, DC, area.