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

["Gary Santos" <garysantos@xxxxxxxxxxxx>]

There is no doubt in my mind that these fellows (IIE) are mainstream,
influential/paid by establishment economists. I understand they even set up
the agenda and working papers for one or another G7 meeting. Williamson of
the Washington Consensus fame is also in IIE. That being the case, policy
papers coming from IIE, whether they turn out to be or not, are important in
this respect. To dismiss them and to solely listen to/read bearish
analysts/economists is folly.



----- Original Message -----
From: "Michael Keaney" <michael.keaney@xxxxxx>
To: "The A-List" <a-list@xxxxxxxxxxxxxxxxxxx>
Sent: Tuesday, May 25, 2004 3:29 AM
Subject: Re: [A-List] Global Economic Prospects: Bright for 2004


> 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
>
>
>
>
>
>