IMF: US tool

Doug Henwood dhenwood at panix.com
Wed Jan 6 13:20:38 PST 1999


from an article in the January 7 Journal of Commerce:


>Meanwhile, Rudiger Dornbusch, economist at the Massachusetts
>Institute of Technology, told a conference in New York that the IMF is
>not going to be abolished and is not going to turn into the world's
>central bank. "The IMF is a toy of the United States to pursue its
>economic policy offshore," he declared.

This is the same fellow who enthused that the upside of the Asian crisis was that South Korea is now a wholly owned subsidiary of the US Treasury.

Doug



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