Raghuram Rajan suggests the following fixes:

·         Stop using debt as the solution to increasing demands for government and private spending

·         Educate or retrain the sectors of workers whose jobs are being mechanized, replaced, or sent abroad

·         Create government policies that encourage entrepreneurship and innovation

·         Reduce regulations that hurt competition

·         Shrink government as needed to reduce unnecessary and unproductive functions

·         Move beyond attacks on bonuses and "the one percent" and emphasize the need to provide more entrepreneurial opportunity

·         Avoid calls for stimulus

Of course, not all nations will follow identical policies, but these are the general principles of overcoming our economic challenges.