by Dan Mitchell | Oct 22, 2016 | Big Government, Blogs, Economics, Government Spending
Since I’ve referred to the International Monetary Fund as both “the Dumpster Fire of the Global Economy” and “the Dr. Kevorkian of Global Economic Policy,” readers can safely conclude that I’m not a fan of the international bureaucracy. My main gripe is that senior...
by Dan Mitchell | Sep 30, 2016 | Big Government, Blogs, Economics, Taxation
I must be perversely masochistic because I have the strange habit of reading reports issued by international bureaucracies such as the International Monetary Fund, World Bank, United Nations, and Organization for Economic Cooperation and Development. But one tiny...
by Dan Mitchell | Sep 19, 2016 | Blogs, Economics, Taxation
I’m not a fan of the International Monetary Fund. The bureaucracy was created in 1944 to manage and coordinate the system of fixed exchange rates created as part of the 1944 Bretton Woods agreement. But once fixed exchange rates disappeared, the over-funded...
by Dan Mitchell | May 29, 2016 | Big Government, Blogs, Economics, Government Spending
The International Monetary Fund is a left-leaning bureaucracy that was set up to monitor the fixed-exchange-rate monetary system created after World War II. Unsurprisingly, when that system broke down and the world shifted to floating exchange rates, the IMF didn’t go...
by Dan Mitchell | Feb 29, 2016 | Big Government, Blogs, Economics, Government Spending, Keynesian, Taxation
I thought the Organization for Economic Cooperation and Development had cemented its status as the world’s worst international bureaucracy when it called for a Keynesian spending binge even though the global economy is still suffering from previous schemes for...
