October 29, 2008 (LPAC)--The Financial Times of London whined yesterday that the IMF isn't big enough to serve its former role as enforcer of globalization. With only $200 billion on hand (and perhaps another $50 billion near by), and a growing number of nations asking for IMF loans, it can't meet the demand. Ambrose Evans-Pritchard chimes in (in the Torygraph) to suggest that perhaps it could do the job with $500 or $600 billion, which it could solicit from members or, if that won't work, issue Special Drawing Rights (SDRs), which he says would have it functioning as a world central bank.

One concern expressed by the Brits is that countries in need may turn to China or Russia (as Iceland did), which would give them too much political leverage. Or (not mentioned) write it off....