Brad De Long wrote:>
Shouldn't the Koreans be allowed to choose whether they want to deal with the IMF or not, rather than having you decide it for them by zeroing it out? If there is such a fundamental conflict between the IMF's policy and the interests of the countries it lends to, why haven't borrowing governments realized it?
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They have, but one of their solutions--an Asian Monetary Fund--was resolutely squelched by the United States. Even if borrowing govt's have realized the conflict of interests between themselves and the IMF, what's the use if the US and IMF dismiss them out of hand? Do you really think this was a choice in any meaningful sense of the term?
All best Christian