Meltdown in Iceland

Michael Lewis does it again, telling the story of little Iceland’s collapse with all the comedy required to endure such tragic times.

There’s a charming lack of financial experience in Icelandic financial-policymaking circles. The minister for business affairs is a philosopher. The finance minister is a veterinarian. The Central Bank governor is a poet.

But don’t feel bad, Iceland. Our central bankers and finance ministers are trained monetary geniuses. And they can match your meltdown any day of the week.

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