Written By: - Date published: 8:25 am, March 18th, 2017 - 66 comments
If, instead of macho posturing (like the “War on P”), we wanted to actually tackle substance abuse, we would be looking at what actually works. Interesting case study in Iceland.
Written By: - Date published: 8:17 am, February 5th, 2011 - 24 comments
All over the globe we the tax payer recently got stuck with a bill for trillions of dollars to bail out banks that were “too big to fail”. Or were they? One country, Iceland, went against the trend, and let its banks go under. What happened next?
Written By: - Date published: 10:55 am, March 10th, 2010 - 41 comments
The world’s economy has not truly recovered from the recession, it has just been artificially reanimated by vast injections of Government bailout money.
What happens when taxpayers get the bill? The people of Iceland just voted not to pay. This may be the first in a cascading series of failures of “sovereign debt”. If so, the next crash will make the recent recession look like child’s play.
Written By: - Date published: 10:30 am, February 16th, 2010 - 52 comments
You know how the world has been through the worst financial crisis in decades? You know how countries like Ireland and Iceland who had made themselves into financial hubs via tax breaks for banks are now deep in the crap with burgeoning debt and unemployment? Why don’t we do what they did?