Comment - Opinion

„Only A Catastrophy Will Bring a Change“

Published: January 21, 2014; 21:33 · (Vindobona)

Bestselling author Marc Friedrich criticizes the IMF sharply and thinks that the Basel III framework is “ridiculous”. The U.S. monetary policy is “doomed to failure”.

„Only A Catastrophy Will Bring a Change“ / Picture: © Vindobona.org

Friedrich has serious doubts about the IMF´s economic forecasts. In an interview with the Austrian daily “Wirtschaftsblatt”, Friedrich attacks the International Monetary Fund. According to Friedrich, the IMF is everything but credible. “What has happened in 2008? Economists have promised GDP growth rates of 4%. And what did we get? There was a dramatic recession. These…

This article includes a total of 436 words.

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„Only A Catastrophy Will Bring a Change“

Bestselling author Marc Friedrich criticizes the IMF sharply and thinks that the Basel III framework is “ridiculous”. The U.S. monetary policy is “doomed to failure”.

Join us to succeed in Vienna!
Sign up to read articles for free and to get personalized updates on the events that interest you.