Re: [A-List] Global Economic Prospects: Bright for 2004

["Michael Keaney" <michael.keaney@xxxxxx>]

Henry writes:


The IIE projected accelerated growwth for Asia up till July 2 1997.

...and this clown...

> Michael Mussa
> Institute for International Economics

was one of those responsible for economic disaster after economic disaster
administered by the hirelings of the Washington consensus, viz:

Privately, fund officials are angry that they are being blamed in some
quarters for the slow motion implosion of Argentina's economy last year.
"For better or for worse, all of the key policies were fully owned by
the Argentine authorities," says Michael Mussa, who was the fund's chief
economist until last summer.

<snip>

Mr Mussa says Buenos Aires became addicted to borrowing as a solution to
its problems. "The Argentine government is like a chronic alcoholic -
once it starts to imbibe the political pleasures of deficit, it keeps on
going until it reaches the economic equivalent of falling down drunk."

See http://archives.econ.utah.edu/archives/a-list/2002/msg01185.htm