Comments | the_recession: IMF Great Depression Warning

cieldumort in the_recession

IMF Great Depression Warning

Oct 20, 2011 13:27

The Australian/Wall Street Journal/MarktetWatch.com
October 19, 2011

'Severe risks' in culture of thrift: IMF warning

The International Monetary Fund has warned that the forces that caused the Great Depression in the 1930s are again at work, as households, businesses and governments all cut back their spending.

...In issuing its Great Depression ( Read more... )

austerity measures, imf, keynesianism, demand destruction, paradox of thrift, savings rate, wage deflation

Comments 2

badnewswade October 20 2011, 19:08:08 UTC

But... but they're the bastards who pushed austerity in the first place!

If they had any integrity at all the IMF would vote to disband itsself forthwith.

cieldumort October 20 2011, 19:40:13 UTC

You think?