European Tribune - Comments - LQD: Iceland to go into Chapter 9/11?

LQD: Iceland to go into Chapter 9/11? | 93 comments (93 topical, 0 editorial, 0 hidden)

Re: LQD: Iceland to go into Chapter 9/11? (none / 1)

OK, let's get serious.

Which country is next? If Iceland, why not ...?

In the end, might makes right. Nothing has changed since the caveman.

by THE Twank (yatta blah blah @ blah.com) on Mon Oct 6th, 2008 at 03:10:07 PM EST
[ Parent ]

Re: LQD: Iceland to go into Chapter 9/11? (4.00 / 5)

They are the worst case scenario - a small island, 300k people, minimal agriculture, not much industry. It's almost a modern version of Easter Island or pre-colonial Hawaii - there is no margin for error, no "fat" in the system to absorb overshoots or economic bubbles.

you are the media you consume.

by MillMan (millguy at gmail) on Mon Oct 6th, 2008 at 03:28:15 PM EST
[ Parent ]

Re: LQD: Iceland to go into Chapter 9/11? (4.00 / 4)

Iceland has been behaving like the country that thinks it's a hedge fund for years. It's a big step up to anywhere else.

by afew (afew(a in a circle)eurotrib_dot_com) on Mon Oct 6th, 2008 at 03:28:17 PM EST
[ Parent ]

Re: LQD: Iceland to go into Chapter 9/11? (none / 0)

I forgot.

Is that worthless cock-sucker Milton Friedman still alive?

If he's dead, let's find his grave and piss on it!

In the end, might makes right. Nothing has changed since the caveman.

by THE Twank (yatta blah blah @ blah.com) on Mon Oct 6th, 2008 at 03:42:25 PM EST
[ Parent ]

LQD: Iceland to go into Chapter 9/11? | 93 comments (93 topical, 0 editorial, 0 hidden)

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