The IMF was created for the purpose of helping the manage the system of fixed exchange rates that was imposed after World War II. That system no longer exists, yet the IMF is still plaguing us.
The slogan for last week's G-20 meeting here in France was "New World, New Ideas." It should have been "Same World, Bad Ideas." High drama played out in front of the world press as members of the G-20 family squabbled with each other in various displays of political showmanship. Here's a rundown of what really happened at this dysfunctional family reunion:
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