Our Terms of Use and Privacy Policy have changed. We think you'll like them better this way.

This Week on Bear radio: Iceland as the model for economic recovery

  • Broadcast in Finance
Optimistic Bear

Optimistic Bear


Follow This Show

If you liked this show, you should follow Optimistic Bear.
In this episode we discuss how Iceland’s decision to simply allow its banks to go bust may have been the wiser choice. Iceland’s economy is now growing again and the economy is re-setting itself. By contrast, nations like Ireland and Greece are taking on even MORE debt (in the form of bail-outs) to prop up their economies yet there is no end in sight to their economic demise. Sometimes it is better to just let the dead wood die and get started with a clean slate. We also discuss how currencies would function in a truly free market and what role, if any, central banks should have in such an environment.