Five lessons from Iceland

1) Don’t save your money. Borrow as much as you can. Fiscal policy rewards the borrowers.

2) Never ever allow price indexation into your country.

3) Become a business. Put all your debts into your business, keep your assets personal.

4) Don’t trust banks that pay their CEO’s absurd wages and whose owners are big owners of other businesses.

5) Become a member of a political party. It pays.

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