Views
http://news.bbc.co.uk/2/hi/europe/7952557.stm
EU leaders have urged the G20 leading economies to double the money available to the International Monetary Fund to help countries in financial difficulty.
The U.S., France, and China are all engaging in protectionist measures at this time of economic trouble and international economists generally shun this measure as a barrier to global economic progress. This is exactly the point. Do we really want the International Monetary Fund controlling what goes on in each country? No. The IMF will do what is best 'for the greater good' thus resulting in a few countries receiving the short end of the proverbial stick. We have enough trouble with the Federal Reserve trying to control our nation's money supply, we don't need an even larger and more ambiguous entity taking over where the Fed leaves off.
No comments:
Post a Comment