The Sundial

Why the U.S. cannot take the same economic path as Iceland

Why the U.S. cannot take the same economic path as Iceland

Loren Townsley

February 24, 2013

The country was in an economic crisis as government regulations failed to prevent financial instability and unemployment skyrocketed. Some people who invested in bonds and bank deposits with high yields were in fact facing exploitation through ponzi schemes. The government had a choice to make: w...

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