Iceland’s example

Of course we should not have bailed out the financial sector.  Fred Foldvary gives a concise summary of what happened when Iceland refused to do so.

And since no fundamental change has taken place, I suspect Americans will have an opportunity to use this lesson when an attempt is made to extort a second bailout.

You can leave a response, or trackback from your own site.

Leave a Reply

Sorry, no posts matched your criteria.