The IMF’s refusal to admit its errors of judgment

 The IMF’s refusal to admit its errors of judgment expose the arrogance of the global elite

It is completely unacceptable that the International Monetary Fund is refusing to appear before the Commons Treasury select committee to answer questions on its equally unacceptable intervention in Britain’s mini-fiscal crisis last autumn

I don't know, but maybe this was a reaction to the disaster of IMF involvement in the hated troika during the eurozone debt crisis, when a wholly unnecessary degree of austerity was imposed on beleaguered member states, prompting an economic contraction that dwarfed even that of the Great Depression. 

The IMF was deeply complicit in this act of economic vandalism, but in its penance, is now in danger of over-correcting the other way.


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