Washington Post on A16

[Brad De Long]

>	Yet, surreally, you accuse those of us who support the Korean
>unions' opposition to the IMF of denying the Koreans their free choice --
>the freedom to choose between the bitterly resented dictates of the IMF and
>default, accompanied by the possibility of complete financial breakdown,
>political upheaval, dislocation, etc.
>
>	The point of the anti-IMF movements is to give Koreans a better set
>of choices.

No. The point of the pro-IMF movement is to give Koreans and others a 
better set of choices: the first requirement of a better set of 
choices is an IMF that is well enough funded that it doesn't have to 
make getting its money back soon--and thus an export surplus on the 
part of borrowing countries--its highest priority.

The point of the anti-IMF movement is to shut down the IMF--and so 
give Koreans and others a worse set of choices...

Brad DeLong