NPR Says IMF Giving Up on Free Market Economics

NPR reports:

After six decades of zealously promoting free market economic policies, the International Monetary Fund has traded its dogmatism for pragmatism.

For years, governments that dared to challenge the IMF model found themselves out of favor in Washington and other Western capitals.

But the financial crisis that swept the planet in 2008 prompted a new debate over free market policies and IMF ideology.

Now, in a notable turnaround, the IMF has acknowledged that in some instances, developing countries might benefit from controlling how much foreign capital enters their economies — and how it's used.

No, this isn't from The Onion. Just a reminder, a free market means no IMF, no World Bank, no central banking, and the elimination of regulations which encourage imprudent risks.