Copyrighted Image? DMCA | Iceland is finding that crisis-management decisions made half a decade ago have put it on a trajectory thatà ??s turned 2 percent unemployment into a realistic goal. Letting the banks fail resulted in short term hardship, and multiple political turnovers, but today even the IMF admits it was the right thing to do. Inflation is quieting down and capital controls are being relaxed. Was that so hard? |
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Scott Baker is a Managing Editor & The Economics Editor at Opednews, and a former blogger for Huffington Post, Daily Kos, and Global Economic Intersection.
His anthology of updated Opednews articles "America is Not Broke" was published by Tayen Lane Publishing (March, 2015) and may be found here:
http://www.americaisnotbroke.net/
Scott is a former and current President of Common Ground-NY (http://commongroundnyc.org/), a Geoist/Georgist activist group. He has written dozens of (more...)