"To make the IMF's programs seem to work, to make the numbers 'add up,' economic forecasts have to be adjusted. Many users of these numbers do not realize that they are not like ordinary forecasts; in these instances GDP forecasts are not based on a sophisticated statistical model, or even on the best estimates of those who know the economy well, but are merely the numbers that have been negotiated as part of an IMF program."
Translation: The IMF is scamming on a massive scale.
$400 can fetch you an awfully nice room in a hotel in New York. If the IMF believes that's too low brow for its honchos, then it should not be in the lending business. Austerity begins at home.
Translation: The IMF is scamming on a massive scale.
$400 can fetch you an awfully nice room in a hotel in New York. If the IMF believes that's too low brow for its honchos, then it should not be in the lending business. Austerity begins at home.
(Note: You can view every article as one long page if you sign up as an Advocate Member, or higher).
