Economic Hegemony and the Federal Reserve

By Rob Urie

In his book Globalization and Its Discontents former World Bank economist Joseph Stiglitz details the ignominious history of IMF ‘structural adjustment’ programs inflicted around the globe in the 1990s. While the IMF has admitted that economic austerity is both theoretically flawed and socially destructive it remains a core IMF policy and is currently being forced on peripheral Europe.”…

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