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Non-Tech : Deflation -- Ignore unavailable to you. Want to Upgrade?

To: Maurice Winn who wrote (531)7/24/2011 8:25:20 PM
From: Ilaine1 Recommendation  Read Replies (1) | Respond to of 621
 
A couple of very cool (not temperature related) stories about the Icelandic economy in the go-go years in the New Yorker. Apparently Viking heritage and history of fishing led Icelanders to believe that they had some sort of special talent for banking. And, well, they bought a lot of toxic US mortgage backed securities. And their economy collapsed. Yeah. Subscription required (which I have) to read the whole articles but you could probably find them in your local public library. Worth the effort.
newyorker.com
newyorker.com



To: Maurice Winn who wrote (531)8/5/2011 1:09:49 AM
From: JF Quinnelly  Read Replies (1) | Respond to of 621
 
Mq, a most interesting find there, but I'll have to be a good deal more awake to appreciate the whole thing. Not exactly a page burner. I read an essay about 'good deflation' awhile back, probably by Selgin, that I see echoed in this piece.


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