What do you think a IMF/ World Bank solution for US economic situation would be?An open question for 'economists'........ Given that, the World Bank and IMF (International Monetary Fund) are made up of professional economists and bankers who deal in countries with troubled economy's and impose their professional solution on them with disregard for politics, if they could impose... | |
The IMF economists have damned the austerity plans in both Europe and the U.S. as not leading to recovery but keeping the economies depressed.
http://imf.org/external/pubs/ft/wp/2...
and their position is not new. They said the same last year:
http://imf.org/external/pubs/ft/weo/...
But they are careful to claim they don't officially speak for the IMF.
Real economists know that stimulus is the answer:
http://delong.typepad.com/sdj/2010/06/we...
http://samefacts.com/2010/10/macroeconomic-policy/francis-bator-on-the-need-for-more-stimulus-spending/
http://voices.washingtonpost.com/ezra-klein/2010/10/infrastructure_the_best_deal_i.html
http://capitalgainsandgames.com/blog/andrew-samwick/2237/it-may-be-broken-record-sound-still-best
http://jaredbernsteinblog.com/cut-and-grow-i-say-no/
but the politicians don't want to hear that.
their solution would be to cut spending and increase taxes. And a small loan to help the country carry on while it figures out what to cut.
