Re: Sachs on World Bank and IMF

[Brad De Long]

>I thought that Sachs was one of them! What happened?
>    CHeers, Ken  Hanly

You were misinformed...

Ever since I met him in 1980, Jeff has said that the World Bank was 
designed for a world in which sovereign governments were 
credit-constrained, that we don't live in such a world, and that the 
Bank's capital should be cashed out and given out not as loans but as 
development grants...


Brad DeLong