From MarketWatch; Brett Arends
This unelected institution is to the modern world what the Roman Catholic Church was to the Middle Ages: the real power behind the throne — everywhere, operating in the shadows and never held to account. Consider the market talk that Strauss-Kahn’s arrest may hurt Greece’s chances to refinance its debt. That such a thing could even be considered tells you a lot.
Read it here.
- The IMF’s Very Poor Economic Track Record (New York Post; Doug Bandow)
- The IMF’s Flawed European Debt Plan (Washington Post; Steven Pearlstein)