Bill Mitchell — IMF now claiming continued inequality risks opening a “social and political seismic crack”

Summary:
I don’t have time today for a full review of the Fiscal Monitor publication.But suffice to say, the tone coming out of the IMF has shifted significantly from when it was leading the charge in destroying nations and increasing income and wealth inequalities.Don’t think for one minute, however, that the institution has abandoned mainstream macroeconomic thinking.It hasn’t.But it has opened a sort of schizoid image – talking about, on the one hand, a global innoculation program “paying for itself” (that is, still framing things in terms of making fiscal cuts), while, on the other hand, imploring governments to maintain fiscal support and target policies that “aim at giving everyone a fair shot at lifetime opportunities by reducing gaps in access to quality public services.”...The failure is

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