Any comments?

Doug Henwood dhenwood at
Tue Apr 11 21:21:56 PDT 2000

Brad De Long wrote:

>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...

How do you keep yourself from hitting the wall if you're a commodity exporter facing declining terms of trade, or if your productivity growth lags the First World's, or if debt service and profit repatriations drain your surplus and put you in a chronic c/a deficit, or IMF-dictated austerity puts you into depression, or...


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