U.S. Congress pressed to fund IMF amid market chaos

[Chris Burford]

Highly undesirable that the IMF should be depended on the politics of any
one state. Roll in global taxation!

In 1972 there was no problem about the IMF printing special drawing rights
to inflate the western economies at the time of the oil price rise. 

If as the FT editorial said at the weekend, there is a need for a source of
expenditure, (a spender of last resort) why can the cash/credits not be
made over to the IMF or World Bank?

And if the strictures of neo-liberal virtue are to be relaxed enough for
the USA to run a large current account trade deficit, why cannot global
spending be consciously increased? 

Ideology?

Chris Burford