Take the following as truth: Emerging market nations, terrified of capital flight, dare not reflate their economies; on the contrary, we find the front-line economy of the moment, Brazil, compelled by fear of speculators to act in a precisely anti-Keynesian  increasing interest rates, raising taxes, and cutting spending even as the economy slides into a nasty recession.
Then the following statement: "Emerging market nations have absolutely nothing to fear from capital flight." is true, false, or inconclusive?