Home

In the midst of the Great Recession, Iceland saw that the banks had become too big to fail, and the bankers too important to jail – and put a stop to it. Rather than let them go further, Iceland let the banks fail and jailed the bankers. The world didn’t end. The island continues to have problems, but their recovery seems to be moving faster than America’s.They saw the need for change, and they changed. Congratulations, Iceland. Now, about that 39% tax that tries to keep investments on the island… Another necessary, and possibly temporary measure.

(Click on the graph for the link.)

“Three Charts That Show Iceland’s Economy Recovered” – The Independent

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s