nwr: the imf to the rescue?

[scottreiner]

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www.theatlantic.com

 

[Cory Cartwright]

Similiar, but slightly more vitriolic and less well researched (it is Matt Taibbi in Rolling Stone):

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www.rollingstone.com

 

[SFJoe]

originally posted by scottreiner:
nwr: the imf to the rescue?http://www.theatlantic.com/doc/200905/imf-advice

Thanks, that was excellent.

 

[Cristian Dezso]

originally posted by SFJoe:

originally posted by scottreiner:
nwr: the imf to the rescue?http://www.theatlantic.com/doc/200905/imf-advice

Thanks, that was excellent.

I agree - I might assign it as a reading to my students.

 

[Zachary Ross]

Simon Johnson was recently on Bill Moyers. Really worth watching.

Part I:

Part II:

 

[Lou Kessler]

Reading a piece like this makes one realize how little influence a citizen has in our society. I'm not educated well enough in the area of finance pertaining to our's and the world's economy. The article seems well written, I wish somebody more knowledgeable would be able to point out obvious flaws if there are any. Depressing article.

 

[Cristian Dezso]

originally posted by Lou Kessler:
Scary scenarioReading a piece like this makes one realize how little influence a citizen has in our society. I'm not educated well enough in the area of finance pertaining to our's and the world's economy. The article seems well written, I wish somebody more knowledgeable would be able to point out obvious flaws if there are any. Depressing article.

I am sure there are many people critical of the IMF and its prescriptions, and not only from the countries receiving help. For one such critique, you can take a look at this.

 

[Bwood]

If I had to summarize my take from the "financial crisis" in a single image it would be Alan Greenspan, widely revered and rarely criticized, sitting in his infamous tub reading Ayn Rand and believing that the invisible hand of the market would take care of everything. The magically efficient market of perfect information that knows everything and takes care of us all.

 

[Thor]

Do you often dream about Greenspan in his tub, John? Or, worse, Greenspan and Ayn Rand in his tub? Because I really think that if the Catholic church is serious about chastity, that image right there would pretty much accomplish it.

 

[Claude Kolm]

originally posted by Thor:
Greenspan and Ayn Rand in his tub

With Andrea Mitchell looking on?

 

[Thor]

Narrating.

 

[SFJoe]

Oh, stop, this is revolting.

you guys need your own forum.

 

[Thor]

You know what they say about -phobia, Joe.

 

[MLipton]

originally posted by Thor:
You know what they say about -phobia, Joe.

That it's not just a river in Egypt??? I'm cornfuzzled.

Mark Lipton

 

[Rahsaan]

Nice article.

It's important to make the right comparisons and too many people in the U.S. are afraid to do so.

 

[Claude Kolm]

originally posted by Rahsaan:
Nice article.

It's important to make the right comparisons and too many people in the U.S. are afraid to do so.

Check out this week's Newsweek cover boy.

 

[Rahsaan]

originally posted by Claude Kolm:
Check out this week's Newsweek cover boy.

Not bad. I don't pretend to know who is right and I don't have strongly held views on the issues. But debate is good and necessary for matters this huge.

 

[Jeff Grossman]

The article starts sanely enough but it ends in harum-scarum land. Many good ideas, though.

 

[Marc Hanes]

Not as harum-scarum pour moi, mssr. Only time will tell I suppose. I am more apt to use the D word these days than the R word.

Digging through author's website leads to this blog. Thoughts from the peanut gallery?

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zerohedge.blogspot.com

 

[Marc Hanes]

And a little counterpoint for good measure...

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brontecapital.blogspot.com