Re: Re: Re: Re: IMF as the "world Fed"?

[Brad DeLong]

>>>>Now the IMF might become a "world Fed," managing the world's money...

The problem is how to keep it sane and accountable. I believe in 
central bank independence. But I'm terrified that a 
world-money-directing IMF would be like the Bundesbank or the Bank of 
Japan, rather than like the U.S. Federal Reserve...


Brad DeLong