Ultra-Capitalism Killed Iceland

Just a year ago, Mr. Gissurarson gave an interview to Icelandic broadcaster stöd2. He explained that the great success of Iceland’s economy was the victory of his and Mr. Oddsson’s policy of totally free capitalism. Even then the reporter asked him if this economic success was just hot air — but no, Mr. Gissurarson said. Not many of us would agree with him today.

From the Wall Street Journal

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