The Ghost in the Recovery Machine
The IMF, along with many national leaders, seem ready to give full credit to what the Fund calls "strong public policies" for engineering what might be the end of the global economic recession. But, in terms of the certainty of the outcome, formulating economic policy is more like psychotherapy than engineering.
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NEW HAVEN – The International Monetary Fund’s October World Economic Outlook proclaimed that, “Strong public policies have fostered a rebound of industrial production, world trade, and retail sales.” The IMF, along with many national leaders, seem ready to give full credit to these policies for engineering what might be the end of the global economic recession.