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Politics : View from the Center and Left

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To: koan who wrote (174851)	10/29/2011 10:02:37 AM
From: Steve Lokness	Read Replies (3) of 541756

<<<< Iceland let the banks go bust and actually expanded its social safety net," writes Krugman. >>>>> This is a rather weird twist of reasoning especially for Krugman. Iceland is so special because it has 300,000 people. 300K, for goodness sake. What, they upped the safety net for another 14 people? But the strange part of Krugmans thinking is the suggestion that the way to solution is to let the banks "go bust"! Oh my gosh, that's what he wants to do in Europe? What else does Iceland have; Well they have a flat tax and they have one of the lowest corporate taxes.

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