Debtors' prison

Very readable and interesting. I was especially interested in the criticism of the IMF/World Bank response to the Asian Financial Crisis of the 1990s. Kuttner praises Joe Stiglitz but fails to note that Stiglitz was the World Bank Chief Economist at the time. (I was a minor player on the World Bank team working on the Korean branch of the crisis and Stiglitz was with us on a few of our visits to Seoul.) However, Kuttner seems to be suggesting a highly regulated international financial system and I'm not sure at this point that it's even possible, much less a good idea.