Comments on: Our new monetarist overlords http://fistfulofeuros.net/afoe/our-new-monetarist-overlords/ European Opinion Mon, 13 Feb 2012 07:39:06 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Too flexible | afoe | A Fistful of Euros | European Opinion http://fistfulofeuros.net/afoe/our-new-monetarist-overlords/comment-page-1/#comment-22810 Too flexible | afoe | A Fistful of Euros | European Opinion Thu, 04 Dec 2008 05:04:58 +0000 http://fistfulofeuros.net/?p=3950#comment-22810 [...] IMF-backed stabilization program in Ukraine barely a month after it was announced.  As we noted at the time, the program emphasized a flexible exchange rate, to avoid blowing reserves on a futile defence of [...] [...] IMF-backed stabilization program in Ukraine barely a month after it was announced.  As we noted at the time, the program emphasized a flexible exchange rate, to avoid blowing reserves on a futile defence of [...]

]]> By: Oliver http://fistfulofeuros.net/afoe/our-new-monetarist-overlords/comment-page-1/#comment-22681 Oliver Thu, 06 Nov 2008 21:41:26 +0000 http://fistfulofeuros.net/?p=3950#comment-22681 How do you pursue a Keynesian policy if the government has no credit? It seems to me that these states have no choice. How do you pursue a Keynesian policy if the government has no credit? It seems to me that these states have no choice.

]]> By: jon livesey http://fistfulofeuros.net/afoe/our-new-monetarist-overlords/comment-page-1/#comment-22680 jon livesey Thu, 06 Nov 2008 20:04:46 +0000 http://fistfulofeuros.net/?p=3950#comment-22680 If I understand this correctly, the IMF is imposing monetary policies at the same time that many national Governments are moving toward Keynesian measures. I wonder if the world will move towards distinct monetarist and Keynesian blocs, or will some countries make the Old Labour mistake of trying both; trying to defend their currencies at the same time they are debauching it with Keynesian spending. It's been long enough since Callaghan and the IMF that there could be a lot of Governments out there with the illusion that you can inflate without inflation, and the rest of that nonsense. If I understand this correctly, the IMF is imposing monetary policies at the same time that many national Governments are moving toward Keynesian measures.

I wonder if the world will move towards distinct monetarist and Keynesian blocs, or will some countries make the Old Labour mistake of trying both; trying to defend their currencies at the same time they are debauching it with Keynesian spending.

It’s been long enough since Callaghan and the IMF that there could be a lot of Governments out there with the illusion that you can inflate without inflation, and the rest of that nonsense.

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