Modern Iceland

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Iceland's Independence Party made radical reforms inspired by and praised by Milton Friedman. These ended with a spectacular banking crash in 2009.

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Libertarian Experiment in Iceland Fails [More...]
"In fact, economists are already using Iceland as a textbook case of how to ruin a nation's economy. As Paul Krugman recently noted, there is an "almost eerie correlation between conservative praise two or three years ago and economic disaster today." "

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