As they discuss the new candidate for the International Monetary Fund (IMF), and it seems that the lead candidate for Lagarde's position is the former Dutch finance minister Jeroen Dijsselbloem, a pro-austerity member of the Labor Party (which I guess is at least nominally on the left), it is worth reading the new CEPR report on the possible effects of IMF programs in Latin America, more specifically the one in Ecuador, now that the country has been brought back into the fold of well-behaved nations (after expelling Assange from their London embassy, in the post-Correa period)....Naked Keynesianism — Hemlock for economics students
The IMF Program in Ecuador: A New Report by Mark Weisbrot
Matias Vernengo | Associate Professor of Economics, Bucknell University
None of these horrors would be possible without fiat funny money. None of these horrors would be possible using gold and silver coins. There's a real good reason why fiat money is illegal and unconstitutional in the USA.
ReplyDelete