Autarky has never brought wealth with it, but maybe Buchanan hopes it may bring him votes. If we want to succeed in international competition, we must simply be more productive and better than our competitors. America is subsidizing her own decline. Comment Agreeing on matters of international cooperation, from fuel emissions to border controls, is difficult. When it comes to keeping financial markets stable, the appeal of dumping cooperation in favor of national populism is often too tempting for politicians, and Senator Buchanan is no exception.
Banks lend for profits.
In the event of a crisis, the IMF lends to avoid the spreading of panics, and its role in the Latin American crises of the 1980s and the recent Asian one has been crucial, as is its recent stubbornness on economic reforms with Russia. No reproduction is permitted in whole or part without the express consent of Insights Consulting Sarl.