The International Misery Fund
Tony Mckenna
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Posted 07.08.2012
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UK Politics
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Imf,
Global Poverty,
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Christine Lagarde Imf,
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At its inception in 1945, the IMF was disputed by two rival tendencies. The British group, led by the brilliant economist J Maynard Keynes, envisaged an organisation which would act to regulate capital flow world-wide in order to cap national deficits, and so avoid the employment crises and economic collapses which had wracked the world economy of the 30s.
