Originally published in October 2003, this policy review document was signed off by a then relatively unknown IMF official called Tim Geithner, now the US Treasury Secretary no less.
Strangely enough, he seems entirely to have forgotten about this eight-year-old tome, whose candid and illuminating account of Argentina's descent into economic and fiscal chaos, and the not inconsiderable role the IMF played in the process, provides an object lesson in how not to proceed.
The mistake the author makes is that he assumes Geithner is trying to end the depression. He isn't! He's one of the people who engineered it. The collapse has been a great windfall for the international banking cartel for whom Geithner works. His function is not to undo the damage he helped induce, but to perpetuate it and make it as profitable as possible for the cartel.
Nevertheless, this article demonstrates that Geithner, Bernanke, Greenspan, Rubin, Summers et al are not incompetent, they created this mess intentionally, and they could fix it if they wanted.
[URL wont paste, Google title if interested.]
