Thursday, July 1, 2010
Iceland, A Very Interesting Financial Data Point
I'm not even going to try to pretend I'm qualified to interpret this in any great detail. Krugman has a blog post up today on what has happened to Iceland since the financial crisis began. On first glance it looks like a very powerful data point in favor of his interpretation of how to respond to the crisis. Iceland's non-traditional response looks very successful compared to the supposedly virtuous. I don't know the context well enough however to say more on this than I think it's worth everyone taking 2 minutes to look at.