The deadly combination of inflation and food shortages is putting numerous nations on the brink of disaster. Making the situation worse is that countless countries have also taken on enormous amounts of debt since the financial crisis of 2008–09.
This segment of What’s Ahead warns that the agency that’s supposed to be the economic doctor for such troubled governments, the IMF, is guilty of economic quackery on a global scale. Its prescriptions hinder more than help recovery. It routinely ignores the magic formula of sound money and low tax rates.
Tragically, the IMF’s economic malpractice will deepen the distress of already on-the-brink poor people around the globe.
This article was originally published by Forbes.com. Read the original article here.