A remedy believed to cure all disease and prolong life that was originally sought by alchemists; a cure-all. (noun)
Something that will solve all problems. (noun)
A particular plant believed to provide a cure-all. (noun)
Examples of word panacea
Panax, the genus name, comes from the Latin word panacea, meaning â€œcure-all,â€ and indeed, the claims for ginseng, of which scientists have historically been skeptical, imply a near-miraculous ability to address a wide variety of problems.
But education, which we speak of as a panacea for all ills, only deals with what it finds, and does not, as we ought to claim, rub down bad points and accentuate good, and it is this, that perhaps more than anything else has made me a Determinist, that the very capacity for change and improvement is so native to some characters, and so utterly lacking to others.
Printing money may sound attractive to the desperate, but it is at best a short-term panacea, which solves nothing in the long run, and creates its own set of complications and economic distortions.
Bush and Kristol's "troop surge" panacea is most likely totally wrong, but how Bush went about it shows that he privileges electoral necessity over military necessity.
Ethanol of course is often described as a panacea but it comes with problems of its own.