> >For the United States, the IMF said, authorities should tighten medium-term
>>fiscal policy, encourage private saving and take measures to boost investor
>>confidence.
>
>[Fiscal tightening? Perhaps we should ignore them
Of course. As Stiglitz pointed out, when these things came in from the IMF, the Clinton admin would just throw them in the trash. Fiscal tightening with a near-dead "recovery" would make no sense at all. Of course, Argentina doesn't have much choice; the U.S. does.
Doug