Also last week, Representative Bill Huizenga, Republican of Michigan, introduced a bill

RisingWorld 2017-03-21

Views 5

Also last week, Representative Bill Huizenga, Republican of Michigan, introduced a bill
that calls for the United States to oppose the fund’s “cofinancing of a third Greek bailout.”
Mr. Lerrick, if he is confirmed to the new position, will report to David Malpass, the top Treasury official
overseeing matters of international finance, who himself has a long record of criticizing the I. M.F.
Critic Highlights Trump’s Reversal of Global Policy -
By LANDON THOMAS Jr. MARCH 19, 2017
For nearly 20 years, Adam Lerrick, a conservative economist, has been a vocal scold of global organizations like the International Monetary Fund, arguing
that such institutions burn through taxpayer money and foster an insular culture of elitism, bailouts and scant accountability.
Mr. Lerrick, a conservative economist, argued in 1999
that American taxpayers could save money if the International Monetary Fund were allowed to tap global bond market funds rather than relying solely on disbursements from the United States and other large nations.
Mr. Lerrick’s official remit includes advancing the Treasury’s policy agenda with America’s top economic allies, but it is expected
that a major part of his job — his first in government — will be to push for major changes in how the World Bank and the I. M.F.
The selection of Mr. Lerrick, who is well known in global financial circles for his evangelical opposition to bailouts for banks, countries
and investors, underscores how Mr. Trump’s economic team is turning to critics of global economic policy as it seeks to reverse decades of Washington consensus.

Share This Video


Download

  
Report form