Last week gave the International Monetary Fund, whose normal role is that of the United States, strict disciplinary spendthrift Governments an unusual advice. "Lighten up," urged the Fund. "Enjoy life! Seize the day! " OK, Fund officials do not use those words, but they came pretty close, with an article in the magazine IMF survey titled ' ease off spending cuts to Boost our Recovery '. In its more formal statement, the Fund has argued that the receiver and other forms of fiscal contraction this year will cut us growth by nearly half, undermining what else a fairly robust recovery. And these cuts are both unwise and unnecessary. Unfortunately, the Fund apparently could not bring ... |
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