IMF: sudden deficit reduction hurts the economy

http://www.imf.org/external/pubs/ft/fandd/2011/09/Ball.htm

Shorter IMF: remember those structural adjustment plans that we inflicted on the third world, causing much pain and turmoil? Forget them when it comes to the rich white guys.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s