All Posts Tagged With: "International Monetary Fund"
End the IMF
The sex scandal involving the recently departed International Monetary Fund chief, Dominique Strauss-Kahn—criminal or not—was never a reason to abolish the agency. But then we didn’t need another reason. The agency, centerpiece of J. M. Keynes’s inflationary Bretton Woods brainchild, should never have been created in the first place, since it was another calculated step toward [...]
24Aug2011 | Sheldon Richman | 2 comments | ContinuedThe Roaring Nineties: A New History of the World’s Most Prosperous Decade
In an earlier book, Globalization and Its Discontents, Joseph E. Stiglitz argued that globalization was the tool of moneyed interests and was promoted by free-market ideologues. He conjured up the International Monetary Fund (IMF) as a straw man for these interests on whose behalf it caused great suffering among the people of Indonesia, Thailand, and [...]
8Jul2010 | Christopher Lingle | 0 comments | ContinuedRemembering Henry Hazlitt
Henry Hazlitt was one of a very special breed, an economic journalist who not only reported on economic and political events in clear and understandable language, but also made contributions to economics. When I arrived at FEE in 1951, I was just a neophyte in the freedom philosophy. Hazlitt was a trustee, author of the [...]
1Nov2004 | Bettina Bien Greaves | 2 comments | ContinuedIn Defense of Free Capital Markets: The Case Against a New International Financial Architecture
Thanks partly to Enron and Arthur Andersen, “financial reform” is in the air. Grab your wallet. Indeed, the entire global financial market is under threat of tighter regulation. How come? Well, look to recent experience, from the Mexican peso crisis to the collapse of the Asian financial markets to the Russian devaluation of the ruble [...]
1Aug2002 | William H. Peterson | 1 comment | ContinuedEnron and Argentina Are Examples of Market Failure?
In the eyes of New York Times columnist Paul Krugman, nearly everything that goes wrong in the world is caused by the fact that government is not big and powerful enough. In a mid-December 2001 column he blamed both the bankruptcy of Enron and the collapse of the Argentine economy on deregulation. But, as is [...]
1May2002 | Thomas J. DiLorenzo | 3 comments | ContinuedNew Excuses for Old Failures
Doug Bandow, a nationally syndicated columnist, is a senior fellow at the Cato Institute and the author and editor of several books, including Tripwire: Korea and U.S. Foreign Policy in a Changed World. Foreign aid, argues President Bill Clinton, is “designed to keep our soldiers out of war.” He threatened to veto this year’s $12.7 [...]
1Jan2000 | Doug Bandow | 0 comments | ContinuedA Private-Sector Solution to Poverty
“The able bodied poor don’t want or need charity. . . . All they need is financial capital.” —Muhammad Yunus For years free-market economists have protested the waste and abuse of foreign aid programs, International Monetary Fund loans, and World Bank projects.[1] P.T. Bauer has been in the forefront as a dissenter against government development [...]
1Dec1999 | Mark Skousen | 2 comments | ContinuedThe IMF’s Dubious Purpose
Treasury Secretary Robert Rubin insists that the International Monetary Fund (IMF) is “the right institution” to resolve the Asian crisis and that it deserves an additional $18 billion from U.S. taxpayers. But the burden of proof falls on the Clinton administration, which must explain why the IMF has any credibility either in moving crisis countries [...]
1Oct1998 | Ian Vásquez | 3 comments | ContinuedTaxpayers at Risk
Doug Bandow, a nationally syndicated columnist, is a senior fellow at the Cato Institute and the author and editor of several books, including Tripwire: Korea and U.S. Foreign Policy in a Changed World. It was too good to last. For several weeks Washington stayed aloof from the economic problems recently besetting Southeast Asia. Officials who [...]
1Feb1998 | Doug Bandow | 0 comments | Continued-
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