Re: Re: The IMF and the Presidential Candidates

[Jim Devine <jdevine@xxxxxxxxxxxxxxx>]

> Ian posted the WSJ article about the IMF's lousy advice.
>
> Stiglitz also said that the IMF gives the US lousy advice and that the Council
> of Economic Advisors laughed at their recommendations.  Other countries do not
> have that luxury.

right. What's amazing is that the IMF seems to apply the same model to all
countries. I once heard an IMF economist speak (at an American Economics
Association panel organized by Paul Krguman). He spoke like a preacher. I
think he was making fun of himself, which should be appreciated, but it
sure fit his message. The main point that stuck in my head is that the
number of jobs in a country is determined by the supply of labor. Calling
Dr. Laffer....


Jim Devine jdevine@xxxxxxx & http://bellarmine.lmu.edu/~JDevine "Segui il
tuo corso, e lascia dir le genti." (Go your own way and let people talk.)
-- K. Marx, paraphrasing Dante A.