End the IMF - Henry Hazlitt - Mises Daily

End the IMF - Henry Hazlitt - Mises Daily: "If there were no IMF, governments whose currencies were shaky as a result of their reckless fiscal and monetary policies would be forced to go to private bankers or investors to extricate them, and private investors would insist on guarantees of fiscal and monetary discipline as a condition of such help. But Keynes insured that a nation's 'domestic' inflationary policies 'shall be immune from criticism by the Fund.' He provided for automatic borrowing rights, and left any aid conditions to the necessarily political decisions of other governments through their representatives on the IMF."