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The IMF's actions are a result of the Nincompoopery of Neo-Classical Economics.

Knowledge begats Action and if your Knowledge is gibbering nonsense your Actions cannot be anything but foolish.  In order to align Actions with reality Knowledge needs to be aligned with reality.  The first step the IMF needs to take to align Knowledge with reality is admitting they're an alcoholic¹ their Knowledge -- NCE -- is bogus.  

¹  Lined it out but there is a truth in there

She believed in nothing; only her skepticism kept her from being an atheist. -- Jean-Paul Sartre

by ATinNM on Tue Mar 31st, 2009 at 11:58:20 AM EST
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