Category Archives: IMF

This category considers publications from the International Monetary Fund.

Why capital controls should be part of a progressive policy

I am in the final stages of completing the manuscript for my next book (this one with co-author, Italian journalist Thomas Fazi) which traces the way the Left fell prey to what we call the globalisation myth and started to … Read the rest of this entry »

Posted in Demise of the Left, IMF | 15 Comments

The British Left is usurped and IMF austerity begins 1976

We left the trail last time with James Callaghan telling the British Labour Party Annual Conference on September 28, 1976 that governments can no longer spend their “way out of a recession” and that the Keynesian approach was an option … Read the rest of this entry »

Posted in Britain, Demise of the Left, IMF, UK Economy | 10 Comments

The conspiracy to bring British Labour to heel 1976

This is a further instalment in tracing through the British currency crisis in 1976 and its retreat to the IMF later in that year. Today we discuss the tensions within the British Labour Party at the time, the Callaghan Speech to … Read the rest of this entry »

Posted in Britain, Demise of the Left, IMF, UK Economy | 5 Comments

The 1976 British austerity shift – a triumph of perception over reality

This is a further instalment in tracing through the British currency crisis in 1976 and its retreat to the IMF later in that year. Today we discuss whether it was the IMF that forced the change of direction for British … Read the rest of this entry »

Posted in Britain, Demise of the Left, IMF, UK Economy | 6 Comments

OECD joins the rush to fiscal expansion – for now at least

In the last month or so, we have seen the IMF publish material that is critical of what they call neo-liberalism. They now claim that the sort of policies that the IMF and the OECD have championed for several decades … Read the rest of this entry »

Posted in Economics, Fiscal Statements, IMF | 20 Comments

Austerity is killing off the hopes of our youth

Sometimes, it is almost as if I have to pinch myself to establish that what I am reading is not a dream. A few reports lately have had that effect, not the least being the latest IMF report – Debt … Read the rest of this entry »

Posted in Eurozone, IMF | 18 Comments

The US government view of the 1976 sterling crisis

This blog continues the discussion of the British currency crisis in 1976. Today we discuss the way the US government was constructing the crisis. They had previously seen Europe in terms of military and political threats and had clearly developed … Read the rest of this entry »

Posted in Demise of the Left, IMF, UK Economy, US economy | 1 Comment

Australia is caught in a cyclical malaise – there is nothing ‘new normal’ about it

There was another article in the financial media this weekend running the hypothesis that the stagnant economic conditions that Australia has found itself in is a “new normal”. This is now a repeating theme. I disagree with it. It ignores … Read the rest of this entry »

Posted in Economics, Fiscal Statements, IMF, Inflation, Labour costs | 8 Comments

The Wall Street-US Treasury Complex

Today I am in Barcelona, Spain after travelling from Trujillo (in the western part of Spain). Today’s blog continues the analysis I have been providing which aims to advance our understanding of why the British government called in the IMF … Read the rest of this entry »

Posted in Britain, Demise of the Left, IMF, UK Economy, US economy | 6 Comments

The metamorphosis of the IMF as a neo-liberal attack dog

Today I am in Granada, Spain having an interesting time. Nothing public to report. I will be here until Thursday morning upon which I travel back to Madrid and the public events begin (see below). Today’s blog continues the analysis … Read the rest of this entry »

Posted in Britain, Debriefing 101, IMF, UK Economy, US economy | 6 Comments