exemplifies
14 mins read
IMF paper on Africa exemplifies why the mainstream approach is problematic – William Mitchell – Modern Monetary Theory – Beragampengetahuan
During the – 1997 Asian financial crisis – when the IMF intervened and imposed harsh structural adjustment packages on the impacted countries (cuts in spending and interest rate hikes), we learned that IMF officials would swan in from Washington to, for example, Seoul, for a weekend, hole up in expensive hotels and by the end […]