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Re: Today in the economy
He's another free market deregulationist nutter. You'd think these people would slink off to obscurity after recent events proved them to be dangerous loonies at best and crooks at worst but they don't seem to be able to deal with recent events and are pretending they didn't happen. Here's this particular economic genius on the glories of free market deregulated Iceland before the crisis started and their economy melted into a puddle and left half the country destitute and begging for an IMF bailout :Originally Posted by Lyle
In the ten years that I have been travelling to Iceland, I have watched an economic miracle unfold there ... Today, Icelanders are absolutely rolling in it. A people two generations away from subsistence farming have become international tycoons.
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Look at the City of London, for heaven’s sake, which Brussels is doing its best to asphyxiate with its financial regulations.
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Icelanders understand that there is a connection between living in an independent state and living independently from the state. They have no more desire to submit to international than to national regulation. That attitude has made them the happiest, freest and wealthiest people on earth.
Blue-eyed sheikhs
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