Event: IMF-Supported Macroeconomic Policies and the World Recession

[hymnofashes]

As I understand it the IMF is operating as a collections agency; without IMF loans countries could use internal devaluation or default to start over. (Lest we moralize, many of these countries are in debt because of kleptocratic puppets.) Instead, public goods will have to be sold at fire-sale prices to private foreign investors. Hmm.

You guys are so polite, really.