Friday, May 2, 2008

The IMF is broke


Actually it is running a 400 million dollar annual deficit. These guys are supposed to be the masterminds of modern economic thought. Ha! Keep them away from my household finances!

Read more about it in Mark Weisbrot's LA Times article The IMF's dwindling fortunes. Looks like the "Chicago School" of economic thought is finally falling into disrepute.

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