Opinionomics | 23 May 2012
Must-read comment and analysis. OMG, WTF IMF?
1. Monetary and fiscal stimulus are not the same thing (ToUChstone)
"The IMF is advocating a monetary stimulus first, followed by (if that doesn’t do the trick) a fiscal stimulus", writes Duncan Weldon. "At least it has implicitly recognised that monetary and fiscal stimulus are not the same thing."
2. The IMF's economic statement: reading between the lines (Market Square)
The IMF argues for fiscal action now… but Lagarde pulls her punches, argues Ian Mulheirn
Ben Walsh compares and contrasts China's elite with America's.
4. British energy policy is a dark underworld of fanatics (Guardian)
The government's decision to direct resources to nuclear and wind is typical of an institution befuddled and beset by lobbyists, writes Simon Jenkins
Jeremy Warner doesn't agree that the IMF was critical of the Government's plan at all.