Some think we're not only ignoring our debt drunkeness (which may be needed, short term), but we are causing many of the problems around the world. More alarming, to me, is how the rhetoric is leaning further towards someone else telling us how to fix it, or fixing it for us...with or without us. I hope our leaders know what they're doing.
WASHINGTON (Reuters) - The International Monetary Fund should offer recommendations for national policies that spur excessive flows of capital into other economies as well as policies that seek to temper them, the IMF's steering committee said on Saturday.
"Credible actions are needed to accelerate progress in addressing challenges to financial stability and sovereign debt sustainability, and to ensure timely fiscal consolidation in advanced economies," it said.