The International Monetary Fund/Kristalina Georgieva-IMF Managing Director/10-15-2020
“We face what I have called a Long Ascent for the global economy: a climb that will be difficult, uneven, uncertain—and prone to setbacks. But it is a climb up. And we will have a chance to address some persistent problems — low productivity, slow growth, high inequalities, a looming climate crisis. We can do better than build back the pre-pandemic world – we can build forward to a world that is more resilient, sustainable, and inclusive. We must seize this new Bretton Woods moment.”
USAGOLD note: Georgieva summons the ghost of John Maynard Keynes as the IMF puts its blessing on the movement to replace austerity programs with full-out fiscal and monetary stimulus – in general, the progressive economic agenda including presumably full engagement of the money printing press on a global basis.
Image: John Maynard Keynes before 1913
