Letting its banks perish worked out for island nation. It's what we should have let happen in 2008 instead of bailing out the banks, car companies, unions and government agencies. We have bankruptcy laws for a reason. We would now be on the road to recovery if we had let the free market work out. It would have been painful...but we would be on the road to wellness instead of this steady doldrum.
www.newser.comDon't look now, but Iceland's economy is growing. Tourism is up, the standard of living remains high, and unemployment is down to 7%. "For a country whose entire financial system collapsed,...
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