Brad on Mark Weisbrot

[Brad DeLong]

>Brad, you said Mark Weisbrot's main beef with the IMF is that its lending
>creates moral hazard. You also said -- preposterously -- that Weisbrot
>believes private financial markets optimally allocate resources between
>countries.

That's what he said when I debated him. That was his opening: that 
the IMF is bad because its crisis loans create moral hazard, and that 
the IMF should be shut down.

If that's not his position, that shouldn't be the point he opens with 
and returns to again and again.

I *was* surprised...

Brad DeLong