How the US Became a Banana Republic

America is a textbook IMF case—but one without a solution

By Jason Farago, Newser Staff

Posted Mar 30, 2009 2:51 PM CDT

(Newser) – As chief economist at the International Monetary Fund, MIT professor Simon Johnson saw a pattern in bankrupted countries from Argentina to Indonesia: "The powerful elites within them overreached in good times and took too many risks." The current US crisis, Johnson writes in... Read full story »

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How the US Became a Banana Republic

America is a textbook IMF case—but one without a solution

depression • International Monetary Fund • recession • IMF • US economy • developing countries • emerging markets • Great Depression • oligarchy

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Jobless 'Wasteland': Europe, US on Brink of Social Revolt

Recession left 'gaping wounds' says IMF head

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And World War II isn't walking through that door

IMF: Global Recession Is Over

World economy is growing, but recovery will be slow

G20 Near Deal to Open Economies to Scrutiny

'Peer review' system will let nations assess each other's policies

Uncertainty, Not Poverty, Behind Recession Blues

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