SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : Politics for Pros- moderated
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
From: LindyBill4/18/2008 6:44:45 AM
  Read Replies (1) of 793931
 
Here's an article in the NYT telling us that Iceland is in major financial trouble. It's obvious from the opening that the Government has been gunning the money supply. But not once in the article does the reporter identify this as the problem.I just sent Landler the following Email.

You state in this article that Iceland is suffering from:

"a collapsing currency, rising inflation, double-digit interest rates"

This means that the Government is gunning the money supply and causing the problem. But you then go on describing symptoms of their problems without discussing the core inflation problem which is CAUSED BY THE GOVERNMENT. I don't understand why you didn't discuss this. The Banks don't cause the increase in money supply, the Government does. And then blames all problems on the Banks and "foreign speculators." We see this happen over and over all around the world.

By accepting the Governments POV, you are simply confusing your readers.

Iceland, a Tiny Dynamo, Loses Steam
By MARK LANDLER

REYKJAVIK, Iceland — Life on this rugged, windswept island has always swung between famine and feast — dependent on the fish in its icy waters and the luck of its fishermen.

But little could have prepared Iceland for the reversal of fortune it has suffered in the last few months. The country's long economic boom has ended in a painful bust, with a collapsing currency, rising inflation, double-digit interest rates and predictions of its first recession since 1992.

nytimes.com
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News