Iceland does it right, gives the banks a haircut, and sends the banksters to jail. Economy recovers.
Compare to Greece, Portugal, Ireland. Draw your own conclusions about whether Keynes was right, or whether the Hayek was right.
Iceland does it right, gives the banks a haircut, and sends the banksters to jail. Economy recovers.
Compare to Greece, Portugal, Ireland. Draw your own conclusions about whether Keynes was right, or whether the Hayek was right.