info

[Brad De Long]

Re:
>
>Your symmetry is way overdone.  Fact is that your position
>is not very different than most left-of-center critics of
>the IMF.  Clearly the latter mindset does not look with
>hostility, in principle, at institutions that are either
>public (e.g., 'government'), international, and regulatory
>with respect to markets, unlike the political Right in all
>three respects.
>

I hope that you are right...

But the position that we need a kinder, gentler IMF that will loan more at
lower interest rates for longer periods of time with less conditionality
when capital in the industrial core panics does not seem to be a very
popular one at the moment. I hear  "why are we bailing out Bob Rubin's Wall
Street friends?" much more than I hear "why aren't we taking bigger steps
to pump up demand to stop a possible Great Depression in East Asia?"

Brad DeLong