• The Heritage Network
    • Resize:
    • A
    • A
    • A
  • Donate
  • IMF

    IMF: Fannie and Freddie Threaten U.S. Fiscal Health

    Followers of the International Monetary Fund (IMF) have long joked that the fund’s acronym stands for “It’s Mostly Fiscal.” For a long time it has helped bail out basket-case economies with severe fiscal deficiencies, such as Greece, Russia, and Argentina. But a recent report shows that the IMF is now … More

    Treasury Right to Reject Additional Funds for IMF

    IMF Managing Director Christine Lagarde has been talking up the need for greatly expanded resources to bail out ailing European economies. European nations have offered to channel about $200 billion of their own funds to themselves through the IMF (a kind of gentleman’s money-laundering to avoid restrictions in their own … More

    Morning Bell: Is the Age of America Coming to An End?

    A dire prediction hit the news yesterday: A date has been set for the end of the “Age of America,” — i.e., when China’s economy will overtake the United States. The news comes by way of an International Monetary Fund (IMF) forecast that shows China’s economy surpassing America’s by 2016. Though there … More

    Still Not Greece, But Getting Closer Every Day

    The Washington Post reported today that the International Monetary Fund and various world governments warned U.S. officials years ago that “escalating financial problems” in the United States “had to be addressed quickly to forestall a larger threat to the world economy, but those urgings were discounted.” The Post went on … More

    "I'm Afraid To Tell You There's No Money Left"

    When Britain’s new Chief Secretary to the Treasury, David Laws, walked into his office last week, he found a letter from his predecessor, Liam Byrne. Laws assumed it contained useful advice. But when he opened the envelope, he found that the letter – which he characterized as “honest but slightly … More

    Politics and Economics: A Deadly Mixture

    The tragic events unfolding in Greece, where at least three people have died in political rioting protesting austerity measures being imposed as part of an EU and IMF financial bailout, is a vivid reminder of the danger when the line between government and commerce is blurred or destroyed. In a … More

    No US Taxpayer Dollars for Greek Bailouts

    The European Union (EU) has gone hat in hand to the International Monetary Fund (IMF) for assistance in bailing out one of its own. Greece is in a financial death spiral brought on by years of amazingly irresponsible deficit spending and similar behaviors often found in socialist states to the … More

    A Greek Tragedy in the Making

    The proposed €110 billion ($140 billion) Greek rescue package announced on Sunday may well not survive the week. Watching public sector workers storming the Acropolis in protest at proposed government spending cuts and tax increases, raises the question of whether the Greek Government itself can survive. Eurozone countries have agreed … More

    IMF on Climate Change: We Want to Play

    The International Monetary Fund (IMF) is attempting to do what couldn’t be done at the international climate change conference in Copenhagen last December: Transfer large sums of wealth from developed countries to developing ones in the name of climate change. From BusinessWeek: Dominique Strauss-Kahn, head of the International Monetary Fund, … More

    Big Spending Obama is Back Today

    Yesterday President Barack Obama asked his cabinet to make a total of $100 million in cuts among their departments. That was “fiscally responsible” President Obama. We like him. We just wish we got to see him more often. Today, “reckless spending” President Obama is back at work, following through on … More