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 P.

Author, blogger, independent researcher, Conservatarian, and strict Constitutionalist.
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