Any comments?

[Brad De Long]

>Brad De Long wrote:
>
>>But how does removing the IMF from the equation improve the 
>>situation of Mexico in January 1995 or South Korea in November 
>>1997? And don't tell me that in the absence of the IMF countries 
>>will not find themselves hitting the wall because of unsustainable 
>>policies or subject to sudden large-scale capital flight. You 
>>aren't Charlie...
>
>No, I'm not, nor do I play him on TV. I'm thinking the absence of 
>the IMF would allow "developing" countries more room to evade the 
>strictures of their rich masters, engage with the outside world more 
>on their own terms than those of their masters, etc. Shutting the 
>IMF is a necessary, but not sufficient, precondition for a slightly 
>better world, in other words.
>
>Doug

How, exactly? You become indentured to the IMF only if you hit the 
wall. Keep yourself from hitting the wall and you have all the 
freedom of engagement that you want...

Brad DeLong