Crime Against Humanity: Pensée Unique in Economics, 40

So if the result of the investigation is that, on the one hand, behind the lies of the Pensée Unique the truth is that what counts is how much and to whom, that is, enough purchasing power where it is productive for all and none where it is harmful, and if, on the other hand, this crucial factor for the common good is relinquished to the discretion of its monopolists, consequently Werner deduces that there is a case for intervention in the common interest, and wonders whether such interventions do take place at all – which would also constitute proof that those so intervening are aware of the truth, since they use it.
And the answer he finds is articulated, so to speak.

“The fact is that precisely such credit controls have been implemented by most central banks all over the world. Credit controls have at one stage been used by, among others, the Bank of England, the Bank of France, the Bank of Japan, the Bank of Korea, the Bank of Thailand, the US Federal Reserve, the German Reichsbank, the Austrian National Bank, the Reserve Bank of India, the central banks of Malaysia, Indonesia, Taiwan, China and several dozen central banks of developing countries. Finally, even the IMF (International Monetary Fund) has throughout its existence engaged in ‘direct guidance’ of bank credit to specific sectors of the economy. It turns out that most fast−growing economies have relied on fairly formalized procedures of credit control in order to enhance economic growth.
Polak (1997) describes a typical IMF exercise in ‘financial programming’ of the kind that the Fund has regularly implemented in numerous countries over the past decades. According to Polak, information about credit creation in a client country is disaggregated by IMF staff, and the specific allocation of credit creation to different parts of the economy is made subject to IMF conditionality. Credit creation for ‘non−productive expenditures’ receives the IMF’s ‘frowning’ and is dealt with through the enforcement of ‘financial restraint’, that is, credit rationing. Much more evidence can be gleaned from the (often confidential) structural adjustment programmes implemented by the IMF all over the world in over 100 instances over the past 50 years.”