For Egypt, the IMF is acting like a management consultant, recommending reforms like subsidy removal that would “makes things cheaper,” Tim Worstall writes for Forbes. The Fund, in this mythical arrangement, is not to tell the state what it should do, but rather it’s that the consultant’s report tells the workforce what the management already knows it must do.” Worstall takes an unabashedly neo-classical view in saying “The removal of the subsidies and the price controls will, over time, bring prices down again. And the removal of the budget deficit caused by paying the subsidies will kill off the inflation too… The only sadness is that it requires the cover of an outsider like the IMF to be able to do what all know needs to be done anyway… the end result will be to make Egyptians themselves better off.”