panacea

IPA: pænʌsˈiʌ

A remedy believed to cure all disease and prolong life that was originally sought by alchemists; a cure-all.
A solution to all problems.
(obsolete) The plant allheal (Valeriana officinalis), believed to cure all ills.
(Greek mythology) The goddess/personification of healing, remedies, cures and panaceas (medicines, salves, ointments and other curatives). She is a daughter of Asclepius and Epione.

Examples of "panacea" in Sentences

Ethanol of course is often described as a panacea but it comes with problems of its own.
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.
"Last week's bond buying by the ECB was a short-term panacea but it does not resolve the underlying problems," said Neil MacKinnon, global macro strategist at VTB Capital.
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.
Panax, the genus name, comes from the Latin word panacea, meaning “cure-all,” 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.