I agree with Mr. Perelman. And would add that insofar as the ideological interests and intellectual predilictions of IMF and US federal policymakers are largely the same, the fact that the IMF is making suggestions on Fed policy may be the result of unseen pressure by the US government. While such speculation should be taken with a large grain of salt, the US Congress or Executive branch may find it politically more viable to use the "objective" scientific conclusions of the IMF to influence the FOMC than to lobby the Fed directly in an election year. Jeff Fellows [EMAIL PROTECTED] Dept of Economics Lewis & Clark College On Tue, 24 Sep 1996, Michael Perelman wrote: > Why not? We applaud when they make the same advise elsewhere in the > world. > > [EMAIL PROTECTED] wrote: > > > > in the now-recurrent debate about whether or not the undemocratic > > and unrepresentative Federal Reserve Open Market Committee should > > boost interest rates, this morning on National Public Radio I > > heard that the International Monetary Fund, of all organizations, > > was recommending interest rate hikes. > > > > did I hear wrong? if not, welcome to the new world order, in > > which _even more_ undemocratic and unrepresentative organizations > > intervene even in the internal affairs of the most powerful > > nation on the planet. do I hear the phrase "world government"? > > > > in pen-l solidarity, > > > > Jim Devine [EMAIL PROTECTED] > > <74267,[EMAIL PROTECTED]> > > Econ. Dept., Loyola Marymount Univ. > > 7900 Loyola Blvd., Los Angeles, CA 90045-8410 USA > > 310/338-2948 (daytime, during workweek); FAX: 310/338-1950 > > "It takes a busload of faith to get by." -- Lou Reed. > > > > > > -- > Michael Perelman > Economics Department > California State University > Chico, CA 95929 > > Tel. 916-898-5321 > E-Mail [EMAIL PROTECTED] >
