Re: The IMF and deflation

1998-01-09 Thread Doug Henwood
Michael Perelman wrote: Does anybody have any thoughts on the critique of the IMF by Stiglitz and Sachs -- that the IMF is creating a deflationary economy to save the banks? This is speculation based on no solid information, but the World Bank funds lots of infrastructure projects that provide

Re: The IMF and deflation

1998-01-09 Thread James Devine
Michael Perelman wrote:Does anybody have any thoughts on the critique of the IMF by Stiglitz and Sachs -- that the IMF is creating a deflationary economy to save the banks? Rakesh asks: There is still faith in the Keynesian panacea? Though I don't know the content of the SS critique, my guess

Re: The IMF and deflation

1998-01-08 Thread Rakesh Bhandari
On Thu, 8 Jan 1998, Michael Perelman wrote: Does anybody have any thoughts on the critique of the IMF by Stiglitz and Sachs -- that the IMF is creating a deflationary economy to save the banks? There is still faith in the Keynesian panacea? Rakesh

The IMF and deflation

1998-01-08 Thread Michael Perelman
Does anybody have any thoughts on the critique of the IMF by Stiglitz and Sachs -- that the IMF is creating a deflationary economy to save the banks? -- Michael Perelman Economics Department California State University Chico, CA 95929 Tel. 916-898-5321 E-Mail [EMAIL PROTECTED]

Re: The IMF and deflation

1998-01-08 Thread Paul Altesman
At 07:49 PM 1/8/98 -0800, Michael Perelman wrote: Does anybody have any thoughts on the critique of the IMF by Stiglitz and Sachs -- that the IMF is creating a deflationary economy to save the banks? It is hard to comment without knowing the specifics (could you provide the citations or a