Run on the Bank

DANIEL.DAVIES at flemings.com DANIEL.DAVIES at flemings.com
Thu May 25 03:36:48 PDT 2000



> . . . People who work at the IMF have
> chosen their jobs in order to DO GOOD. George Soros has chosen his
> day job to MAKE MONEY... Brad DeLong
>

People at the IMF, in my limited experience, tend to be motivated above all by the desire to FEEL IMPORTANT. Do-gooders head for development agencies. And I'll second Max's view that another common desire is to do economics, but to do so at a salary rather more congenial than you can hope for in academica or domestic civil service. Tax free, too . . . . . the IMF has some v. smart people, but I think that drawing a principled distinction between the typical moral qualities of people like them and people like, say, me is akin to settling a point of precedence between a louse and a flea.

dd

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