Citizen’s Guide to THE WORLD BANKING CRISIS 1983This booklet is published and distributed as a public service by The Conservative Caucus Research, Analysis and Education Foundation. The Foundation takes no position for or against legislation, and does not engage in lobbying, the distribution of propaganda, or political campaigns. The Foundation is a 501(c)(3) nonprofit organization, contributions to which are deductible under the Internal Revenue Code. The Foundation welcomes comments or suggestions about this or other of its publications. Howard Phillips President May 1983 The Conservative Caucus Research, Analysis & Edycation Foundation 450 Maple Avenue East, Vienna Virginia 22180The World Debt Cris ‘Simplified Introduction CONTENTS ‘The Increase in IMF Resources: Protecting the Financial System, Safeguarding U.S. Trade and Employment — Donald T. Regan. Rep. Kemp in 1980: IMF Obsolete? — Rep. Jack Kemp......... IMF Loans: ‘Bailing the Banks in Deeper’ — Dr. Paul Craig Roberts. Cut Off the International Loan Lushes — William E. Simon........-. ‘The Big Bank Bailout = William J. Quitk......60e cece eee International Monetary Fund — AFL-CIO Executive Council. 14 15 m7] - 18 ‘Leading Mexican Scholar Says IMF Austeiy Programs Atsure Eeonomic Stagnation — Dr. Modesto Seara Vasquez. David Stockman Speaks Out on IMF Quota Bill — Rep. David Stockman. More IMF Lending: Gasoline on a Raging Fire — James Dale Davidson... ‘What Debt Crisis? — The Wall Street Journal. Dr. Jekyll and Mr. Hyde Loan Policy — Rep. Byron Dorgan... Combatting Development Failure — Paul Kittlaus.......0ececeeee How Threatening is World Debt? — Robert E, Weintraub. The Milking of Uncle Sap — Paul Craig Roberts Let’s Talk Money at Williamsburg — Lewis E, Lehrman........... The Big Bank Bailout of 1983 Begins — Patrick Buchanan. The Big Bank Bailout — John McClaughry..... Pending International Banking Legislat International Banking References... .. ‘The IMP; The Crutch that Cripptes — Manuel F. Ayau..... Media Contacts. 23 23 .B 28 - 6 27 29 - 30 31 32 33 34 35 35 - 36