The Icelandic Success Story

“Iceland’s approach… write down unsustainable debt, liquidate junk corporations and banks that failed, disincentivise the behaviour that caused the crisis, and provide help to the ordinary individuals in the real economy (not phoney ‘stimulus’ cash to campaign donors and big finance). Iceland has snapped out of its depression. The rest of the West, where banks continue to behave exactly as they did prior to the crisis, not so much.”

h/t: IHateTheMedia.com

About Brent Parrish

Author, blogger, editor, researcher, graphic artist, software engineer, carpenter, woodworker, guitar shredder and a strict constitutionalist. Member of the Watcher's Council and the Qatar Awareness Campaign. I believe in individual rights, limited government, fiscal responsibility and a strong defense. ONE WORD: FREEDOM!
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