everything's really ok

[Brad DeLong]

>The most galling part is the line that says Nader thinks the IMF is too
>"generous and liberal." Brad, of course, puts himself in the category of
>those who want the IMF to be more generous.

He does. When I heard Nader talk--when I debated Marc Weisbrot--they 
said that the problem with the IMF was that it loaned money to 
countries in trouble and thus created moral hazard. No distinction 
between their position and that of Allan Meltzer or Robert Bartley. 
They think the problem with the IMF is that it "distorts" the capital 
market away from its optimal laissez-faire functioning...

F****** unbelievable.

Brad DeLong