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Tag Archives : International Monetary Fund

Should the Greeks Be Able to “Loot and Mooch Their Way Through Life”?

Should the Greeks Be Able to “Loot and Mooch Their Way Through Life”?

Posted on July 1, 2011

In a recent post, I explained some of the reasons why Greece should not get another bailout. I cover some of the same points in this Bloomberg interview, but my favorite part is when I state that it’s time for the Greek people to realize “they can’t loot and mooch their way through life.” I […]

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The IMF: An Equal-Opportunity Purveyor of Bad Advice

The IMF: An Equal-Opportunity Purveyor of Bad Advice

Posted on June 24, 2011

As a general rule, the bureaucrats at the International Monetary Fund are not awful people or fire-breathing leftists. But they are voices for the establishment. And, at the upper levels, IMF staff seem overly solicitous of the views of the big nations, which means that they are indirectly attentive to interest groups (such as big […]

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IMF Recommendation for Europe: Double Down on the Approach that Caused the Sovereign Debt Crisis

IMF Recommendation for Europe: Double Down on the Approach that Caused the Sovereign Debt Crisis

Posted on June 21, 2011

Many European nations face a sovereign debt crisis because of excessive spending caused by too much redistribution. The obvious – and only – solution to this crisis is to reverse the policies that caused the problem. So take a wild guess about what the International Monetary Fund recommended: Did the international bureaucracy recommend that nations […]

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International Bureaucrats: Riding the Gravy Train at Taxpayer Expense

International Bureaucrats: Riding the Gravy Train at Taxpayer Expense

Posted on May 27, 2011

I’ve remarked before about how I get especially upset when well-to-do people figure out ways of ripping off taxpayers. Redistribution from rich to poor is not a good idea, but it is far more offensive when the coercive power of government is used to transfer money from ordinary people to the elite. A good (perhaps […]

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Punish the French Rapist, but the Real Target Should Be the IMF

Punish the French Rapist, but the Real Target Should Be the IMF

Posted on May 18, 2011

I certainly take second place to nobody in my utter contempt for Dominique Strauss-Kahn, the head of the International Monetary Fund. Who knew that forcing yourself (allegedly) on women could earn you a reputation as “the Great Seducer”? I guess my failure to understand means I’m just a backwards and provincial American. I’m also a […]

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Fun Times at the IMF: Rape Taxpayers, then Hotel Maids

Fun Times at the IMF: Rape Taxpayers, then Hotel Maids

Posted on May 15, 2011

Let’s start with a giant disclaimer that the head of the IMF, Dominique Strauss-Kahn, is accused of forcibly sodomizing a hotel maid and we have no idea whether it’s true. There are even rumors that this is a plot hatched by Nikolas Sarkozy to cripple a potential rival in advance of next year’s French presidential […]

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Opulent Conditions for International Bureaucrats While Taxpayers Struggle

Opulent Conditions for International Bureaucrats While Taxpayers Struggle

Posted on January 4, 2011

The International Monetary Fund is a great place to work – at least for those who don’t feel guilty about getting extravagant salaries from taxpayers. And what do IMF bureaucrats do for the money we pay them (American taxpayers finance the biggest share of the bureaucracy’s expenses)? Many of them jet around the world in […]

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Five Things We Should Worry about in 2011

Five Things We Should Worry about in 2011

Posted on January 3, 2011

The mid-term elections were a rejection of President Obama’s big-government agenda, but those results don’t necessarily mean better policy. We should not forget, after all, that Democrats rammed through Obamacare even after losing the special election to replace Ted Kennedy in Massachusetts.

Similarly, GOP control of the House of Representatives does not automatically mean less government and more freedom. Here are five possible bad policies for 2011, most of which the Obama White House can implement by using executive power.

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