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–Category: EconomyIMF should learn from Adam Smith

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IMF should learn from Adam Smith

#21 · May 14, 2026, 6:58 pm

The data in Figure 2 is embarrassing. ‘Below Basic’ in Assets and Liabilities? It means our government doesn’t even know what it owns. No wonder they keep selling national assets for peanuts to their cronies.

#22 · May 16, 2026, 1:05 am

Seven years to meet a 'Basic' accounting standard (Proposal 3) is even too generous. With the way we are borrowing, we should be forced to have transparent books in three years or no more dollars. Period.

#23 · May 16, 2026, 5:05 am

Adam Smith must be turning in his grave. The 'Impartial Spectator' has been replaced by 'Bureaucratic Blindness.' The IMF needs to read this letter every morning during their staff meetings.

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