Comments on Stephen Grenville “The IMF's inflation heresy”, 18/02/2010, http://www.businessspectator.com.au/bs.nsf/Article/IMF-financial-crisis-inflation-interest-rates-pd20100217-2R4QL?OpenDocument&src=sph
The IMF has completely lost its way in being an effective international organisation of monetary authority.
It has shown that it has been in panic and its responses to new issues and crises have been rushed.
Since the Asian financial crisis, it has been an international bad as opposed an international good.
It should be completely "reformed" or dissolved.
This is by no means to be disrespect to Prof. Blanchard, but having some academic economists with little real world policy experience in charge of such an international monetary authority has its own problems.
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