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Freakonomics Radio

312. Not Your Grandmother’s I.M.F.

Freakonomics Radio

Freakonomics Radio + Stitcher

Documentary, Society & Culture

4.632K Ratings

🗓️ 14 December 2017

⏱️ 38 minutes

🧾️ Download transcript

Summary

The International Monetary Fund has long been the "lender of last resort" for economies in crisis. Christine Lagarde, who runs the institution, would like to prevent those crises from ever happening. She tells us her plans.

Transcript

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0:00.0

As head of an institution with 189 member countries and about $1 trillion at its disposal,

0:12.5

Christine Lagarde has a pretty busy schedule.

0:15.1

So you can't be too surprised or upset when she shows up a half hour late for an interview.

0:21.0

I would like to apologize to you because I know we've been delaying and postponing and

0:26.2

I offer total apologies, it's my fault.

0:29.8

Since 2011, Lagarde has been running the International Monetary Fund.

0:34.2

It's been an eventful era, to say the least, the aftermath of a crippling recession,

0:39.8

a European debt crisis, and a global productivity slowdown, populist uprisings that are based

0:46.0

ostensibly, at least, on economic distress.

0:49.7

So we were pleased that she agreed to squeeze us in last Thursday for a 45-minute interview.

0:55.8

Can we say 40 rather than 45? Because I'm due to spend time with the World Bank with

1:01.2

their board and I don't want to offend them too much.

1:03.4

They're not so important, come on.

1:07.8

Who would you rather spend time talking to?

1:09.5

Freakin' Amix Radio or the World Bank?

1:11.1

Let's be honest here.

1:15.6

Today on Freakin' Amix Radio, we will hear how Lagarde treats IMF members who don't

1:20.0

follow the rules.

1:21.5

We warn the authorities that this is not acceptable and that expedited measures must be taken

1:30.3

to keep the bus on the road.

1:32.2

We'll talk about economic policy making and gender.

1:35.4

If lemon brothers had been lemon sisters, it would be a different story.

...

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